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Even as congressional Republicans commended the Trump administration’s release of guidelines for comprehensive tax reform April 26, House and Senate taxwriters raised questions about funding the dramatic tax rate reductions.
As the House Republican blueprint's destination-based cash flow tax comes under increasing attack from retailers and opponents, the GOP and other would-be tax reformers are looking at other options. And it probably shouldn't be shocking that a federal VAT is among the choices to potentially replace the corporate tax in any major tax reform effort.