A national retail sales tax would tax imports, remove federal tax costs from exports, and repatriate dollars.
It would take an amendment to repeal the income tax... but now is a great time for that. Both houses are nominally controlled by R. R has a nice number of state legislatures under control too.
Do it! Repeal the income tax and replace with a national RETAIL sales tax.
Very interesting.
Would you eliminate corporate taxes (which are paid by the customer/consumer anyway)?
By retail do you mean VAT, or just “end of the supply chain?”
Would you tax services too? Subscription software?
Unfortunately there are many problems with a retail sales tax. It is regressive, doesn’t cover the service sector very well and the prebate idea can lead to a lot of fraud.