“Senate Finance Committee member Benjamin L. Cardin, D-Md., told Tax Analysts December 8 that he will release legislation later in the week proposing a U.S. VAT that he hopes will prompt serious discussion on the matter in the 114th Congress.
“It’s finished,” Cardin said of the bill, adding that he will likely release it on December 10.
Cardin said he is not seeking cosponsors on the bill at this time since it will have to be reintroduced next year but noted that he’s worked with many lawmakers who are interested in the legislation.”
So the Senator releases legislation now, to be discussed next year. I will let you know when it’s time to wake up.