[pigdog]

Well, in looking into it a bit, it isn't what it appears to be (the so-called Personal Consumption Tax). In fact it is something quite different from what FairTax supporters know as a consumption tax:

"The Tax Panel’s Progressive Consumption Tax (PCT) is a modified version of David Bradford’s X-tax.22 The plan is a bifurcated subtraction-method VAT where labor compensation is deducted at the business level and taxed at the individual level at progressive rates of 15, 25 and 35 percent."

So we see that it is really a VAT+income tax in drag.

It IS good to see the dynamic analysis beginning to be used and that should greatly benefit the FairTax when it comes up for review.

[Bigun]

IS good to see the dynamic analysis beginning to be used and that should greatly benefit the FairTax when it comes up for review.

Yes indeed!

I have not yet read this report and, in truth, could not care less what they were actually looking at. The fact that they were looking at anything dynamically rather than statically is HUGE!