Wall Street Journal on a VAT
futureofcapitalism.com

The Wall Street Journal has a news-section article on the idea of a federal value-added tax, a topic we've been covering here for some time. The part of the Journal article that drew my attention was this:

"If you're looking for more revenue, I think raising rates under the current income tax probably is not a good idea and could do significant economic harm," says Eric Toder, a co-director of the nonpartisan Tax Policy Center think tank. By contrast, a VAT "doesn't interfere with where goods are produced...and doesn't interfere with savings, investment and capital formation."

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Wall Street Journal on a VAT
futureofcapitalism.com

The Wall Street Journal has a news-section article on the idea of a federal value-added tax, a topic we've been covering here for some time. The part of the Journal article that drew my attention was this:

"If you're looking for more revenue, I think raising rates under the current income tax probably is not a good idea and could do significant economic harm," says Eric Toder, a co-director of the nonpartisan Tax Policy Center think tank. By contrast, a VAT "doesn't interfere with where goods are produced...and doesn't interfere with savings, investment and capital formation."

Read More...