Friday, September 3rd, 2010

No VAT For Political Fat Cats

I take on calls for a value-added tax in my latest post at Big Government:

As Congress prepares to raise the debt ceiling by $1.8 trillion, there are renewed calls from political elites for a value-added tax in America. The New York Times all but campaigned for the idea while touting it as a possible “cure for deficits.” But a VAT would do nothing to solve our deficit problem. Rather, it would supply new fuel to big government bureaucrats addicted to spending.

You can read the rest here.

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