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Politics : BuSab
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From: Patrick Slevin6/17/2009 11:39:04 AM
1 Recommendation  Read Replies (1) of 23934
 
Possible U.S. VAT?

...US policymakers, notably Budget Committee Chairman Kent Conrad and former Federal Reserve Chairman Paul Volcker, have recently hinted at the possibility of a national sales tax. More specifically, they hint at possible implementation of a national value-added tax (VAT) which would tax at a certain rate the difference between the cost of inputs and the price of the output along each individual step of production.

The Folly of the National Sales Tax

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