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Wednesday, April 21, 2010

Obama’s Lack of Interest in Value-Added Tax Disappoints Some “Experts”

“As Washington braces for the first serious conversation in more than a decade about deficit reduction, some economists and independent budget experts fear that the hyperpartisan political atmosphere is narrowing the options for dealing with the chronic budget shortfall. The latest sign: the emphatic rejection by both parties in recent days of a value-added tax, a sales tax imposed by nearly every other developed nation.” (Washington Post, Wednesday)

Don’t go there.

FEE Timely Classic
“Sales, Flat, or Spherical, Tax Reform Isn’t the Answer” by Gene Callahan