{"id":1117,"date":"2005-03-04T06:41:59","date_gmt":"2005-03-04T06:41:59","guid":{"rendered":"http:\/\/zmetro.com\/?p=1117"},"modified":"2005-03-04T06:41:59","modified_gmt":"2005-03-04T06:41:59","slug":"greenspan_backs","status":"publish","type":"post","link":"http:\/\/www.zmetro.com\/?p=1117","title":{"rendered":"Greenspan Backs a Consumption Tax"},"content":{"rendered":"<p><a href=\"http:\/\/www.nytimes.com\/2005\/03\/04\/politics\/04tax.html?ex=1267592400&#038;en=17b36992185ac027&#038;ei=5090&#038;partner=rssuserland\">Edmund L. Andrews<\/a>:<\/p>\n<blockquote><p><i>&#8220;Many economists believe that a consumption tax would be best from the perspective of promoting economic growth &#8211; particularly if one were designing a system from scratch &#8211; because a consumption tax is likely to favor saving and capital formation,&#8221; Mr. Greenspan said.<br \/>\nBut the Fed chairman warned that shifting to a new system would raise difficult &#8220;transition issues,&#8221; and he cautioned against &#8220;going for purity&#8221; in any kind of tax overhaul.<\/i><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Edmund L. Andrews: &#8220;Many economists believe that a consumption tax would be best from the perspective of promoting economic growth &#8211; particularly if one were designing a system from scratch &#8211; because a consumption tax is likely to favor saving and capital formation,&#8221; Mr. Greenspan said. But the Fed chairman warned that shifting to a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"_links":{"self":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/1117"}],"collection":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1117"}],"version-history":[{"count":0,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/1117\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1117"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}