April 5, 2007
Which types of taxes should state and local governments rely on most heavily? Should state sales taxes exempt food and services (such as heath care and legal services), and should stares provide tax "holidays"? At the national level, would a consumption-based tax such as a value-added tax (VAT) or national retail sales tax be a better choice than the income tax?
In this wide-ranging podcast, Dr. William Fox—economics professor and director of the Center for Business and Economic Research at the University of Tennessee, as well as former visiting scholar for the Federal Reserve Bank of Kansas City and past president of the National Tax Association—discusses the merits of state and local reliance on property and sales taxes, sales tax exemptions and holidays, and the possibility of replacing the federal individual income tax with a consumption-based tax. (22 minutes, 27 seconds)
To listen: right-click on the audio file below and select "Save Target As."
