According to Matt Drudge, House Speaker Dennis Hastert's new book reveals that a centerpiece of the Bush administration's second-term domestic agenda will be a push to replace the current tax code with a consumption tax (NRST, VAT, etc.).
Consumption taxes have had their cheerleaders for some time (see, for example, FairTax.org). I haven't yet taken the time examine all of the pluses and minuses of the proposed alternatives, but I eagerly look forward to the debate that's sure to come.
(Credit: Boortz, 8/2/04 Nuze)
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