The USA Tax Act (HR 269), short for "Unlimited Savings Allowance", was a bill in the United States Congress for changing tax laws to replace the federal income taxes with a progressive consumption tax on households and a value-added tax on businesses.^[1] The first bill (S. 722) was introduced in the United States Senate in April 1995 by senators Sam Nunn (D-Ga.) and Pete Domenici (R-N.M.). A bill is a proposed new law introduced within a legislature that has not been ratified, adopted, or received assent. ... Type Bicameral Houses Senate House of Representatives President of the Senate President pro tempore Dick Cheney, (R) since January 20, 2001 Robert C. Byrd, (D) since January 4, 2007 Speaker of the House Nancy Pelosi, (D) since January 4, 2007 Members 535 plus 4 Delegates and 1 Resident Commissioner Political... United States Government redirects here. ... FairTax Flat tax Tax protester arguments Constitutional Statutory Conspiracy Taxation by country Tax rates around the world Tax revenue as % of GDP Part of the Taxation series        The federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents estates... Progressive can refer to: Progressive music, including Progressive rock, Progressive metal and Progressive electronica Political Progressivism Several Progressive Parties Progressive Era in the United States (1890-1913) Progressive, a company providing auto insurance The Progressive, a left-wing monthly magazine The progressive tense in grammar Progressive lenses, used to correct... A consumption tax is a tax on the purchase of a good or service. ... Value added tax (VAT) is a sales tax levied on the sale of goods and services. ... Type Upper House President of the Senate Richard B. Cheney, R since January 20, 2001 President pro tempore Robert C. Byrd, D since January 4, 2007 Members 100 Political groups Democratic Party Republican Party Last elections November 7, 2006 Meeting place Senate Chamber United States Capitol Washington, DC United States... Year 1995 (MCMXCV) was a common year starting on Sunday. ... Samuel Augustus Nunn, Jr. ... Pietro Pete Vichi Domenici (born May 7, 1932) is a powerful Republican United States senator from New Mexico. ...

See also

• FairTax
• Flat tax
• Tax reform

Throughout this article, the unqualified term dollar and the $ symbol refer to the United States dollar. ... A flat tax, also called a proportional tax, is a system that taxes all entities in a class (typically either citizens or corporations) at the same rate (as a proportion on income), as opposed to a graduated, or progressive, scheme. ... Tax reform is the process of changing the way taxes are collected or managed by the government. ...

References