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To: Your Nightmare

Yep, and the Honerable John Linder has it all well under control representing the desires of his constituents of his home district in that great state of Georgia.

Course if you are really that impatient, you can always get together with your partners in crime and commission your own study, release it early and we can have fun playing with that until the CRS study is presented to the House Ways & Means Committee.


21 posted on 09/18/2004 11:04:22 AM PDT by ancient_geezer (Equality, the French disease: Everyone is equal beneath the guillotine.)
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To: ancient_geezer
Dubya's just looking for a way to throw the nation into a 3~5 year recession.

Statement of John G. Wilkins, Managing Director,
Barcroft Consulting Group, on behalf of National Retail Federation
Testimony Before the House Committee on Ways and Means
Hearing on Fundamental Tax Reform

Mr. Chairman and Members of the Committee:

I am managing director of the Barcroft Consulting Group and I am here on behalf of the National Retail Federation. My statement reports on the findings of a study undertaken by PricewaterhouseCoopers ("PWC") for the National Retail Federation Foundation. I was principal author of that study, which examines the economic impact of substituting a national retail sales tax ("NRST") for the federal income tax.

~~~SNIP~~~

Conclusion

If a NRST is enacted, the U.S. economy would lag behind for at least three years and employment would dip by more than one million jobs. Beneficial effects would not be felt for at least five years after adoption. While it is admirable to seek a fairer and simpler tax structure to replace the incredibly complex income tax code, trading an income tax in for a national sales tax is an experiment that could bring serious harm to a flourishing national economy. Uncertain long-run benefits are far insufficient to risk the short-run setbacks in virtually all sectors of the economy.


22 posted on 09/18/2004 11:14:00 AM PDT by Willie Green (Go Alan Go!!!)
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To: ancient_geezer
Course if you are really that impatient, you can always get together with your partners in crime and commission your own study, release it early and we can have fun playing with that until the CRS study is presented to the House Ways & Means Committee.
Only if Linder likes the results (which isn't very likely).
23 posted on 09/18/2004 12:47:46 PM PDT by Your Nightmare
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