Chairman's Report
Chairman's Report
The FAIRtax Guys
How a Consumption Tax Differs from an Income Tax
7 minutes Posted Jan 16, 2026 at 10:00 am.
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With President Trump on record as wanting to abolish the income tax, alternative methods of raising revenue are receiving unprecedented attention. This week, AFFT president Steve Hayes looks at an article published in USA Today detailing the difference between a consumption tax and an income tax.