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Federal sales tax debate grows on Capitol Hill
Peter Edson reviews long history of federal sales tax proposals from the Civil War era to 1943. He notes arguments about impact on lower incomes, inflation, administration costs, and conflicts with existing taxes. Also discusses state sales taxes and the potential need for exemptions and limited application to final consumer purchases. New arguments for the tax are promised in a follow-up.
MENTIONED IN THIS ARTICLE
Peter. Edson
Capitol Hill
Reed Smoot
Sec. of the Treasury
Ogden Millis
Treasury