Open Access. Powered by Scholars. Published by Universities.®

Public Policy Commons™

Open Access. Powered by Scholars. Published by Universities.®

Murray Weidenbaum Publications

Consumption Tax

Publication Year

Articles 1 - 4 of 4

Full-Text Articles in Public Policy

The Savings-Exempt Income Tax (And The Companion Business Cash-Flow Tax), Murray L. Weidenbaum Jul 1994

The Savings-Exempt Income Tax (And The Companion Business Cash-Flow Tax), Murray L. Weidenbaum

Murray Weidenbaum Publications

The United States would benefit greatly by reforming the national system of taxation to encourage more saving and investment. Doing so would help to achieve faster economic growth, higher levels of unemployment, and smaller budget deficits. Specifically, a savings-exempt income tax on individuals and families coupled with a companion cash-flow tax on business should replace the existing federal income taxes.

Go to article

Answering The Arguments Against The Consumption Tax, Murray L. Weidenbaum Sep 1992

Answering The Arguments Against The Consumption Tax, Murray L. Weidenbaum

Murray Weidenbaum Publications

By shifting U.S. taxation from income to consumption, more revenue would be generated for the U.S. Treasury. This would also enable the American people to enjoy a higher living standard.

Go to article

The Case For Taxing Consumption, Murray L. Weidenbaum Jul 1992

The Case For Taxing Consumption, Murray L. Weidenbaum

Murray Weidenbaum Publications

This piece points out the benefits of taxing consumption instead of income.

Go to article

The Case For Taxing Consumption, Murray L. Weidenbaum Apr 1992

The Case For Taxing Consumption, Murray L. Weidenbaum

Murray Weidenbaum Publications

The governments of most industrialized nations, especially in the European Community, use consumption taxes far more than the United States. Yet a low-saving, slow-growing economy such as the United States would benefit greatly from shifting the national revenue system from taxing income to taxing consumption. That change would provide a powerful incentive to increase the nation's saving and investment and, therefore, economic growth and living standards. This report examines the pros and cons of consumption taxation and also analyzes the major policy alternatives to structuring a new tax of that type.

Go to article