Download Full Text (1.2 MB)
Policy Study 122
Center for the Study of American Business (CSAB), Washington University in St. Louis, St. Louis, MO 63130
The United States would benefit greatly by reforming the national system of taxation to encourage more saving and investment. Doing so would help to achieve faster economic growth, higher levels of unemployment, and smaller budget deficits. Specifically, a savings-exempt income tax on individuals and families coupled with a companion cash-flow tax on business should replace the existing federal income taxes.
Consumption Tax, Savings, Investment, Tax Code, Value-Added Tax
Economics | Public Policy
Weidenbaum, Murray L., "The Savings-Exempt Income Tax (and the Companion Business Cash-Flow Tax)", Policy Study 122, 1994, doi:10.7936/K7FJ2F0X.
Murray Weidenbaum Publications, https://openscholarship.wustl.edu/mlw_papers/164.