Monday, June 4, 2012
The 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.