Wednesday, April 3, 2013
Alan D. Viard (American Enterprise Institute) presents Progressive Consumption Taxation: The Choice of Tax Design at NYU today as part of its Pathways to Tax Reform Series:
Progressive consumption taxation offers a way to raise revenue in a progressive manner without harming economic growth. This paper provides a comparative evaluation of the two leading proposed progressive consumption taxes, the personal expenditure tax (PET) and the Bradford X tax. One politically appealing and economically reasonable option that has been embraced by a number of previous proposals combines a PET and a business cash flow tax.