Once Considered Unthinkable, U.S. Sales Tax Gets Fresh Look
May 28th, 2009Via: Washington Post:
With budget deficits soaring and President Obama pushing a trillion-dollar-plus expansion of health coverage, some Washington policymakers are taking a fresh look at a money-making idea long considered politically taboo: a national sales tax.
Common around the world, including in Europe, such a tax — called a value-added tax, or VAT — has not been seriously considered in the United States. But advocates say few other options can generate the kind of money the nation will need to avert fiscal calamity.
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May 28th, 2009 at 6:51 am
Grind the poor . . . grind the poor . . . grind the poor . . . .