Republicans’ proposed 30% national sales tax would raise the prices of:
—Gas
—Groceries
—Housing
—Medicine
—Much more
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The 23% is supposed to make it revenue-neutral (takes in the same amount of money as the income taxes it's replacing). Economic issue.
If you want it to 5%, that implies Congress will have to spend substantially less every year, which is a political question, not an economic one.
Feb 5, 2023 · 3:08 PM UTC
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