Experts favor tax cuts over flat rate or sales levy.(Tax Watch)

Investment News,  December, 2004  

Tags: bond, Internal Revenue Service, sales, tax

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Byline: Mark E. Battersby Speaking before the Washington-based Tax Foundation's recent annual conference, Deputy Treasury Secretary Samuel Bodman lobbied for a shake-up of the unpopular U.S. tax system. "The current tax system imposes large costs on our economy by causing households and businesses to rearrange their affairs in ways that make poor use of economic resources and ultimately lead to lower living standards,'' he said.

President Bush has said that more radical options, such as the replacement of the income tax with a national sales tax or some form of ...

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