value-added tax

2 Stories

Get Ready for a National Sales Tax

VAT will be only way to cover health-care costs

(Newser) - European-style taxes will follow European-style health care entitlement as surely as night follows day, warns Charles Krauthammer. ObamaCare, when you remove the "budgetary gimmicks," will add trillions to the national debt, leaving the president's deficit reduction committee with no option but to call for the introduction of value-added... More »

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... More »

2 Stories