WASHINGTON (FNS) -- Retailers' worst nightmare, a federal retail sales tax, has reared its head on Capitol Hill.
House Ways and Means Committee chairman, Rep. Bill Archer, R-Texas, said he expects to introduce legislation for a broad-based "tax on the consumption of goods and services" this fall. Last week, he planned to start holding extensive hearings on tax reform, with a goal to enact a bill into law next year.
Archer's tax would be in the form of a retail sales tax or a value-added ...
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