FMI RAISES RED FLAG OF CONSUMPTION TAXES

CHICAGO -- If Republicans retain a majority of the House and Senate in the next administration, there may be an effort to change the tax code from the traditional income tax to a consumption tax, Tim Hammonds, president and chief executive officer of Food Marketing Institute, told FMI members during the Speaks portion of the FMI Show last week."It's a real heads-up for the industry," said Hammonds.

CHICAGO -- If Republicans retain a majority of the House and Senate in the next administration, there may be an effort to change the tax code from the traditional income tax to a consumption tax, Tim Hammonds, president and chief executive officer of Food Marketing Institute, told FMI members during the Speaks portion of the FMI Show last week.

"It's a real heads-up for the industry," said Hammonds. "If we do retain majority in the House and Senate -- a second term for President Bush

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