consumption tax

• Dan Farber
• August 19, 2012

The Ryan Consumption Tax and the Environment

One of the interesting elements of Paul Ryan’s budget plan is the proposal for an 8.5% consumption tax to replace the corporate income tax.  Consumption taxes, like the European VAT, have well-known pluses and minuses, described in a Brookings discussion. They are appealing to economists because they encourage saving.  As the European example shows, they …

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