They’re the co-directors of the institutes’ Joint Tax Policy Center, which is non-partisan.Īnd William Gale, why don’t you get us started by just explaining what a consumption tax is, who pays it, what does it tax? And Len Burman is a senior fellow at the Urban Institute. William Gale is a senior fellow at the Brookings Institution. It’s a broad idea that’s also gained favor among some policymakers in Washington.įor a closer look at consumption taxes, what they are and how they might work, I’m joined by two men who study these issues closely. ![]() Greenspan said the tax code needed to be simplified and suggested one idea worth considering was implementing some kind of consumption tax. Ray Suarez: The president’s advisory panel on tax reform met for the second time today, this time seeking the input of Fed Chairman Alan Greenspan.
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