#DBCFT Doggerel

DBCFT?
Now what could that be?
I wonder what’s in it for me.

A name you can say
Would go a long way
Toward Tax Reform having its day.

You can’t call it BAT —
Sounds too much like VAT.
And there’s no path forward fo that!

A possible option for Tax Reform these days is a “destination-based cash flow tax,” called ‪#DBCFT on twitter. (I can hardly remember the name. I just started looking at it because old friend Steve Shay speaks at nearby Duke today, and I’m studying up.)  Opponents call it BAT – Border Adjustment Tax, for its key border adjustment feature.

BAT is pronounceable. DBCFT is not. How can you sell something you can’t pronounce?

Remembering TEFRA, my first tax bill as a staffer in 1982, DBCFT fans need a pronounceable name.
MAGATA – Make America Great Again Tax Act?
POJABTA – Protect Our Jobs and Borders Tax Act?

“Blueprint” and “A Better Way, ” the names of proponents’ proposals, won’t last.  “Cash flow tax” is a better name than ‪DBCFT.  Who needs an acronym for a 3-syllable name?

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Author: patoglesby

From 1982 to 1990, I worked in tax policy for Committees of the United States Congress. In recent years, I was Adjunct Lecturer at UNC-Chapel Hill's Business School and then Adjunct Professor at its Law School.

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