"Already, the sticker price of a good or service is marked up by as much as 25% to account for the corporation's tax burden and associated compliance costs. By getting rid of those expenses for businesses, prices at the pump and register will go down as the amount of money hitting your bank account goes up," he added.
Carter told Newsmax earlier this month that a consumption tax is preferred by Americans "because that way they're in charge. They can decide what they want to buy and what they want to pay a tax on."
In his guest column, he acknowledged his plan could be seen as a "radical proposal."