A number of states are calling on Congress to authorize them to collect sales taxes on interstate Internet transactions, including at a congressional hearing this morning. The states claim that they have simplified their...
- The Tax Policy Blog
- From the Department of Out-of-Context
From the Department of Out-of-Context
Texas Public Policy Foundation (TPPF) has released a new study Enhancing Texas' Economic Growth through Tax Reform by Ardun, Laffer, & Moore Econometrics. On the bottom of page 4 the authors include this eloquent quotation from Henry George to illustrate the distortions associated with poor tax policy:
The mode of taxation is, in fact, quite as important as the amount. As a small burden badly placed may distress a horse that could carry with ease a much larger one properly adjusted, so a people may be impoverished and their power of producing wealth destroyed by taxation, which, if levied in any other way, could be borne with ease.
While the tax proposal Ardun, Laffer and TPPF are promoting may well be virtuous, the quotation is misplaced here. Henry George was a political economist who advocated a single tax on land, so it's a bit odd to quote him in a paper subtitled, "Repealing the property tax and replacing the revenues with a revised sales tax."
Buy this blogger a cup of coffee!
Join the Tax Foundation's fight for sound tax policy Go
About the Tax Policy Blog
The Tax Policy Blog is the official weblog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.