Social and Behavioral Sciences Commons^™

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.