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?
Charles Norwood: “What we are saying is an end-use consumption tax. That means, for example, the farmer goes out and buys a tractor and…”
Editor's note · Context
Discussing the implications of an end-use consumption tax during a debate.
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