New progressive consumption tax proposal promises fairer, simpler tax system.
Consumption taxes are being debated as a way to change how taxes are collected. Traditional flat-rate consumption taxes have some problems, so new ideas like the Hybrid Approach and the X-tax are being looked at. These new taxes would tax people based on how much they earn and spend. The X-tax would make it easier for people to report their taxes, but it would also change the law a lot. Combining the best parts of both approaches could lead to a fairer, more efficient tax system.