What we are saying is an end-use consumption tax. That means, for example, the farmer goes out and buys a tractor and seeds, and he pays no tax under our bill. He plants his seeds and produces the wheat. He pays no tax. He ships the wheat to a miller. From the miller it goes to a baker, and from a baker it goes to the retail outlet. All the way along the line now, there has been no tax under our bill. Is that a correct statement?
Discussing the implications of an end-use consumption tax during a debate.
Share
More from Charles Norwood
It is a pleasure to yield 2\1/2\ minutes to the gentleman from Texas (Mr. Sam Johnson), another of our subcommittee chairmen.
It gives me absolute pleasure to yield 2 minutes to the gentleman from South Carolina (Mr. Wilson), my friend and neighbor, who lives right up the road from me in Columbia.
It doesn't promote anybody's best interests to be so unreasonable that you put these people -- these miners out of work. That's not good for them.
If I had lost a son or a father in one of those mines, I would be just like they are. I would be hammering the tables, saying why aren't you doing something in Washington? But the truth is, when we do do something, it needs to be the right…
Other voices in this conversation
