>Citizens for Tax Justice and Archer Disagree on Consumption Taxes
Robert McIntyre of Citizens for Tax Justice, in Insight (9-23-96), states
that all consumption tax proposals "inevitably translate into huge tax cuts
for rich people and big tax hikes for the middle class and the poor." House
Ways and Means chair Archer, in the same publication, asserts that only
consumption taxes are true to the five basic principles for an ideal tax
code: fairness (based on how much one spends); attacking the underground
economy; encouraging savings and investment; improving the balance of
trade; and eliminating corporate income taxation. Tax Notes 10/7/96, p.
77.