With budget deficits soaring and President Obama pushing a trillion-dollar-plus expansion of health coverage, some Washington policymakers are taking a fresh look at a money-making idea long considered politically taboo: a national sales tax.
Common around the world, including in Europe, such a tax -- called a value-added tax, or VAT -- has not been seriously considered in the United States. But advocates say few other options can generate the kind of money the nation will need to avert fiscal calamity.
Wednesday, May 27, 2009
Spend-then-tax politicians
Federal income tax is too inefficient to raise the kind of money we need to pay our debts.
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http://www.whitehouse.gov/omb/blog/09/05/29/HealthCareReformandFiscalDiscipline/
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