How the Value Added Tax Works
The spending pace of President Barack Obama and the 111th Congress simply cannot be sustained. There will either have to be spending cuts or higher… Read More
The spending pace of President Barack Obama and the 111th Congress simply cannot be sustained. There will either have to be spending cuts or higher… Read More
In the ongoing discussion on how best to address the nation’s out-of-control deficit spending, one proposal would increase taxes by adding a value-added tax (VAT)… Read More
Washington think tanks and commentators continue to spin out impressive reams attempting to explain the necessity and virtues of adding a value-added tax (VAT) on… Read More
Today, 154 Republicans joined me on a letter to the President’s debt commission asking them to stand against a new value-added tax, or VAT. I’m… Read More
Recently in the Wall Street Journal, David Ranson pointed out what tax economists have known for a long time: no matter what changes Congress makes… Read More
The threat of a value added tax (VAT) in the United States is growing steadily. Despite protesting that it is not something he is considering,… Read More
The proposed €110 billion ($140 billion) Greek rescue package announced on Sunday may well not survive the week. Watching public sector workers storming the Acropolis… Read More
A big reason Europeans adopted a value-added tax (VAT) was to raise enormous sums to underwrite their social welfare state, but another was that the… Read More
According to Paul Volcker, former Chairman of the Federal Reserve and a senior economic advisor to President Obama, an European-style Value Added Tax (VAT) would… Read More
The presidential Commission on Fiscal Responsibility and Reform convened Tuesday at the White House to address what leaders of both parties agree is one of… Read More
“I think there are many good arguments that you can make for a value added tax or a consumption tax, as opposed to a tax… Read More
President Obama has consistently ducked the question on whether he is considering a massive tax hike in the form of a value added tax (VAT)… Read More
Earlier this year, after Congress passed an increase in the debt ceiling, was deliberating over a trillion plus health care package, and the President’s Budget… Read More
Suddenly, the Obama administration and Democratic congressional leaders seem to want health-care news stories to fall off of the front page. This week, House Energy… Read More
The United States is on an unsustainable financial course, and everyone seems to know it. As Heritage highlighted in our recently published 2010 Budget Chart… Read More
President Obama’s push to enact a massive tax increase in the form of a new value-added tax (VAT) is now clearly underway. Earlier this week,… Read More
According to the Congressional Budget Office (CBO), over half of President Barack Obama’s new $940 billion health care entitlement is paid for by price-fixing Medicare… Read More
P.J. O’Rourke once quipped about spending in Washington: “The budget grows because, like zygotes and suburban lawns, it was designed to do nothing else.” To… Read More
The Washington Post today ran an article on the possibility of lawmakers enacting a value-added tax (VAT) to pay for soaring government spending. A VAT… Read More
Massive increases of spending by the Obama Administration, from the stimulus to its proposed budget, have created historically unprecedented large deficits that will push the… Read More
