The USA Tax Act (H.R. 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] . Lawrence Lokken credits Irving Fisher^[2] with the insight that consumption can be taxed by taxing income minus savings.^[3] See also a later version of Lokken's book.^[4] The first bill (S. 722) was introduced in the United States Senate in April 1995 by senators Sam Nunn (D-Ga.)^[5] and Pete Domenici (R-N.M.).

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