May 2, 2016

TAX WHAT YOU DON'T WANT, NOT WHAT YOU DO:

Value-Added Taxes aren't a bad idea for small businesses (William G. Gale, MAY 2, 2016, CS Monitor)

Value-added taxes (VATs) have been attracting growing attention in the United States. GOP presidential hopeful Ted Cruz has proposed a VAT as part of a sweeping tax reform plan. The idea has also been backed by House Speaker Paul Ryan (R-WI), Senator Ben Cardin (D-MD), and others.

There are many benefits to such a tax. It could replace the revenue lost from reducing and simplifying the income tax, it could shore up the nation's long-term fiscal situation, and a well-designed VAT could be more efficient than today's messy income tax.

Posted by at May 2, 2016 3:47 PM

  

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