sales tax

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Policymakers Float Federal Sales Tax Idea

American VAT long rejected as politically impossible policy

(Newser) - A federal sales tax has long been seen as politically off-limits, but the massive deficit has some in Washington pushing for it. “It's common to the rest of the world, and we don't have it,” a tax analyst tells the Washington Post. In dire times, “fundamental tax...

Pol's 'Toke Tax' Not Just Blowing Smoke

Time to tax big business clearly here to stay, says California lawmaker

(Newser) - What is San Francisco State Assemblyman Tom Ammiano smoking? He's not backing off his proposed legislation to legalize state pot—and charging a $1-a-joint tax to beef up California's depleted coffers. It's not such a stoner idea, insists the politician, who also works as a stand-up comedian (no, this is...

French-German Relations Cool Ahead of EU Summit

France, Germany, UK clash over handling recession

(Newser) - French President Nicolas Sarkozy began his six-month European Union presidency by quibbling with Germany, and he appears to be ending his term the same way, Bloomberg reports. Half a year after clashing with German Chancellor Angela Merkel over a Mediterranean alliance, Sarkozy shrugged off the traditional France-Germany pre-summit chat and...

More Riders, Pricier Fuel Stress Out Transit Agencies

Diesel expenses eat up shrinking budgets even as commuters abandon cars

(Newser) - The same agencies that stand to benefit as commuters turn to public transit to escape high gas prices are finding themselves hamstrung by rising fuel costs, the Wall Street Journal reports. Ridership is up by as much as 35% for some bus lines, but the cost of diesel has doubled...

States Look to Collect Tax on Internet Sales

Many are asking people to fess up when they fill out their IRS forms

(Newser) - As tax time draws near, more Americans may be stumbling upon an extra line on their state returns, Forbes reports. About half of state governments—including New York, Michigan, California, North Carolina, and Ohio—are trying to collect their fare share of sales taxes from Internet sales. Chances remain slim,...

Huckabee Woos Voters With 23% Sales Tax

'Fair tax' would abolish IRS, and be a windfall for the rich

(Newser) - Supporting a 23% sales tax ought to be political suicide, but Mike Huckabee is making it work, the Los Angeles Times reports. Huckabee has championed the so-called “fair tax,” a radical proposal that would abolish the federal income tax and tax spending instead. The plan favors the rich,...

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