Last week the Heritage Foundation hosted a debate featuring, among others two Leadership Project for America Foundation policy advisers, Stephen Moore and Veronique de Rugy. The subject was tax reform, described by Heritage as follows:

A business transfer tax (a BTT) is a flat rate consumption tax collected at the business level. A BTT has been proposed by Senators Cruz and Paul and was incorporated into now Speaker Paul Ryan’s Roadmap for America’s Future. It is sometimes called a business activity tax, a business flat tax or business consumption tax. Replacing the current tax system with a BTT would promote economic growth by reducing marginal tax rates and eliminating the double taxation of savings and investment. Some free market advocates, however, are critical of the BTT, calling it a value added tax (a VAT) and arguing that it would make it easier to raise taxes in the future. Join us as our panel explains what a BTT is and debates the pros and cons of this tax reform option.

Interestingly, Moore argued for the BTT while de Rugy argued against it. You can watch a video of the debate here.