Subject: National Sales Tax Comment: The panel does not appear to be taking into account some non-obvious benefits of a national sales tax, which are: 1. To tax the underground economy. 2. To tax imports while exempting exports, which should help American competativeness in the global market against such up-and-coming economies, as China and India. 3. To stem the flow of captial investment leaving the country to end up in various tax havens. 4. To encourage foreign investment in the US due to a more equitable tax structure. More investment means more high-paying jobs, which also equates to higher spending and therefore higher revenue collection. |