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Full-Text Articles in Public Policy
Answering The Arguments Against The Consumption Tax, Murray L. Weidenbaum
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.
The Case For Taxing Consumption, Murray L. Weidenbaum
The Case For Taxing Consumption, Murray L. Weidenbaum
Murray Weidenbaum Publications
This piece points out the benefits of taxing consumption instead of income.
The Case For Taxing Consumption, Murray L. Weidenbaum
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.