Cardin to Discuss Progressive Consumption Tax Proposal with Frederick County Business Leaders

TODAY, Friday, March 20 at 10:30 AM, U.S. Senator Ben Cardin will join leaders of the Frederick business community to discuss his innovative tax reform proposal, which centers on a progressive consumption tax.  Senator Cardin’s proposal would eliminate income tax for the vast majority of Americans and would represent a comprehensive overhaul of America’s outdated system of taxation. It also would reduce the corporate income tax rate to one of the lowest among industrialized nations.

“It’s time for some fresh thinking on tax reform. Our tax code should be fair for families and employers. It should help make Maryland-based businesses more competitive and our nation’s economy stronger. And it should provide a way to responsibly and reliably collect reasonable revenues,” said Senator Cardin. “Our current, 1980s-style tax code simply cannot accomplish these goals. My progressive consumption tax proposal represents a way to simplify our approach to taxation, while ensuring that the country’s revenue needs are met.”

WHAT:          Roundtable Discussion on Progressive Consumption Tax

WHO:            U.S. Senator Ben Cardin

                        Frederick Chamber of Commerce Board and Members

WHEN:          Friday, March 20 @ 10:30 AM

WHERE:        Frederick Chamber of Commerce, 8420-B Gas House Pike, Frederick, MD

HOW:            Media please RSVP to Tim Zink, tim_zink@cardin.senate.gov.