Word: based
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...MITCHELL: There are two big issues. No. 1, should you have what is called a consumption base? A consumption base is what you find in the flat tax. It is implicit in the national-sales-tax proposals. The second big issue is, do you then have one rate? Then it is a question of how to design it. I would want it to have a low rate, I would want government to be smaller, and I think bringing in less revenue is the only effective means of controlling the size of government...
...incremental steps. But the Administration is doing the candy part of tax reform, not doing the vegetable part. You are getting rid of the various forms of double taxation, which everyone affected will be happy about, but you are not putting fringe benefits in the tax base, an enormous issue not only for tax-reform policy but also for health-care policy...
SAWICKY: Broadly speaking, going from income to consumption base means a narrower tax base...
BRADFORD: But you are neglecting things like corporate tax sheltering going on now, at huge volumes. I think you actually probably would broaden the base. Anyway, I think it would be more progressive than the system we have...
...procedure involved opening the cervix followed by the baby being pulled out feet first and delivering the legs, body, shoulders and arms. When the baby’s head is lodged in the cervix, the doctor takes curved scissors and inserts the scissors into the base of the skull and spreads the scissors to enlarge the opening. The doctor then removes the scissors, inserts a suction catheter into the hole and vacuums out the content of the skull which causes it to collapse, and the rest of the baby is pulled out of the cervix. It is important for readers...