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Professor Bank Discusses America's History with the Flat Tax in CNN Radio Interview
November 21, 2011 -- Vice Dean and Professor Steven Bank discussed America's history with the flat tax in an interview on CNN Radio.
"You have to understand the revenue system prior to the Civil War," says Steven Bank, a law professor at UCLA and an expert on tax history. "It was primarily tariff revenues. Once the Civil War hits, that tariff revenue dropped considerably and expenses rose."
To listen to the interview, click here.