This is an article written by Chris Edwards, Director, Fiscal Policy Studies, The Cato Institute on taxing consumption. To view the entire article, click on the title of this article. You'll need Adobe Acrobat Reader. Very interesting! Isn't the FairTax a consumption tax? Chris writes:
"Switching to a consumption based tax holds the promise of spurring greater economic growth and vastly simplifying the federal tax system."
And again he writes:
"Consumption taxes would exempt personal saving from taxation."
"The chairman of the Council of Economic Advisers has called the income tax “fundamentally flawed.” It is time to replace the flawed income tax with a consumption based alternative."
I couldn't agree more!
This is an article written by Chris Edwards, Director, Fiscal Policy Studies, The Cato Institute on taxing consumption. To view the entire article, click on the title of this article. You'll need Adobe Acrobat Reader. Very interesting! Isn't the FairTax a consumption tax? Chris writes: 
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