Trivially, no. The bill isn't exactly clear on my reading. But it's certainly not proposing the equivalent to a 'sales' tax. It would be a 1% tax on all sales

Trivially, no. The bill isn't exactly clear on my reading. But it's certainly not proposing the equivalent to a 'sales' tax. It would be a 1% tax on all sales, investments, trades, possibly even payments on outstanding debts or even transfers from one account to another owned by the same person. Again, the full extent isn't quite clear to me, but it's definitely far more broad than a traditional 'sales' tax or VAT. And frankly, that's the only way you could gather those amounts.