Consumption Function: Formula, Assumptions, and Implications
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Opinion: House Republicans are right: Consumption taxes are smart
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Consumption taxes on the horizon? Over the next few decades, the U.S. may implement a consumption tax on spending, as explained by Howard Gleckman of Urban-Brookings Tax Policy Center in this week’s episode of Facing the Future. This could be carried out through a cash flow tax on American businesses, a value-added tax (common in European countries), or, the most problematic alternative, through tariffs. Listen to the full episode now: https://www.concordcoalition.org/facing-the-future/whats-nex
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