CSPAN Interview July 4, 2024
It is better to offset the impact through a tax credit, a direct tax credit, for households that you want to offset the tax burden of something for. There are tradeoffs with any tax policy, but the advantage of a consumption tax is that it tends to be simpler than issues that arise under an income tax both for the people paying it and for the Government Agency administering it. It improves economic incentives so that we see higher Economic Growth and higher income. Host that is all the time we have for now. Erica york, senior economist and Research Manager for federal tax