Over next decade, move the tax code towards a more steeply progressive tax on consumption. Not a flat, national sales tax (advocated by many conservatives) nor a value-added tax. See: Robert H. Frank's excellent article in Economic View, NYTimes, 9/18. Tax the difference between one’s reported income + annual savings, less a standard deduction (eg. $30,000/ family of 4). Rates on additional expenditures would start low and rise gradually with taxable consumption. Results: more tax exempt savings and a reshaping of spending patterns.Plus, burst of spending now, prior to new tax!
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