Did you hear Burton's testimony as it relates to currency shifts and their potential to offset border adjustments of tax?You mean the testimony where Burton was presenting his alternative to the FairTax? His BEST tax would be a NRST/business transfer tax hybrid.
He was presenting an ADDiTIONAL plan not backed by us FairTax proponents (and he knows that). It is unlikely to go anywhere since it retains the payroll tax, making it a hybrid income/sales tax plan ,,, a great big NO-NO to anyone with any sense.
Check and see how many Tax Panel comments from Individuals call out that alternate plan vs naming the FairTax plan either by name or bill number. Be sure and let us know your results.
Wasn't Burton an original author of the FairTax?
Yep he sure was.
Why was he presenting an alternative plan before the panel?
He is afterall partner of Argus, a consulting firm, and from the article, presenting an alternative on behalf of "Free Enterprise Fund" another organization with which he is affiliated just as he has ties to CATO and does analysis for them as well.
Both he and Mastromarco, the other partner in Argus, provide analysis for many groups even American's for Fair Taxation on occasion, as one of many.
Presidential Panel Hears About Tax System
"An alternate plan, offered by David Burton of the Free Enterprise Fund, would reduce the rate to 8.4 percent for individuals by also levying the tax on businesses."
"Did you hear Burton's testimony as it relates to currency shifts and their potential to offset border adjustments of tax?"
"You mean the testimony where Burton was presenting his alternative to the FairTax? His BEST tax would be a NRST/business transfer tax hybrid.
Wasn't Burton an original author of the FairTax? Why was he presenting an alternative plan before the panel?"
You didn't answer my question, but I will answer yours. AFFT wanted to have 3 panelists testifying, one of which would have been Burton. The commission limited us to one. Burton then was selected by the DeMint people to represent their proposal. However, as Burton himself indicated, the two plans are "economically identical". The differences lie in perception and administration. Having Burton on the panel was very good for us. He is very good at explaining the economic benefits.