<p>Economist: Destination-Based Cash Flow Tax Flawed, Needs Work</p>

Economist: Destination-Based Cash Flow Tax Flawed, Needs Work

Reed College

While there are desirable features of the destination-based cash flow tax, there are also serious flaws, such as likely economic shocks to U.S. workers and businesses, risks to the world trading system, increased deficits, and a less progressive tax system, economist Kimberly Clausing of Reed College said at a May 23 House Ways and Means Committee hearing.

<p>While there are desirable features of the destination-based cash flow tax, there are also serious flaws, such as likely economic shocks to U.S. workers and businesses, risks to the world trading system, increased deficits, and a less progressive tax system, economist Kimberly Clausing of Reed College said at a May 23 House Ways and Means Committee hearing.</p>