Our guest this week is Erica York, senior economist at the Tax Foundation. She will discuss the return of the Fair Tax Act, which would replace most federal taxes with a national sales tax. Most experts don't think the plan is workable, but another kind of federal consumption tax could still make sense in the future.

This interview is part of the Urban-Brookings Tax Policy Center series of online conversations on tax and fiscal policy in today’s economy. The discussions take place every other Thursday afternoon and feature varying perspectives on the historic economic challenges facing the United States and the world and the best ways to address them.