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June 4, 2012

Book Forum: Progressive Consumption Taxation: The X-Tax Revisited

ProgressiveThe American Enterprise Institute hosts a forum at 12:30 EST today on the forthcoming book Progressive Consumption Taxation: The X-Tax Revisited, by Robert Carroll & Alan D. Viard (webcast here):

The X tax, first proposed by Princeton University economist David Bradford, is a progressive consumption tax that offers a game-changing solution to the tax problems that have hampered the U.S. economy and poisoned its political system. Replacing America's current income tax system with the X tax would remove tax penalties on saving and investment while maintaining progressivity.

Progressive Consumption Taxation: The X-Tax Revisited ... is the most thorough analysis of the X tax available. It tackles the difficult issues of transition and implementation that are often glossed over in big-think conversations about tax reform. At this event, Alan Viard will present the X tax proposal while James Mackie of the U.S. Department of the Treasury and Chris Edwards of the Cato Institute will offer commentary.

June 4, 2012 in Book Club, Conferences, Scholarship, Tax | Permalink

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Comments

As argumentum, there is nothing wrong with the position that if a project is not financially feasible without government tax benefits to the developer is a project that shouldn't happen. However, the argument outlined herein is not an analysis of the financial feasibility of any project but a rant worthy (sic) of the Occupy Wall Street know nothings.

Posted by: David Schmidt | Jun 4, 2012 9:35:04 AM

I recall the most excellent Noël Cunningham praising a progressive, annual, self-reported consumption tax back in the mid 1990s. I've been a believer since then. Why not let people keep their returns on savings and investment and tax their consumption?

Posted by: Yo Gabba Gabba | Jun 7, 2012 8:59:07 PM