Archive for November 18th, 2010

A Value Added Tax Will Not Reduce the Deficit!


Thursday November 18th, 2010   •   Posted by Randall Holcombe at 9:41pm PST   •   0 Comments

Politicians have been advocating a value added tax (VAT) for decades, and with the huge projected federal deficits interest in a VAT seems to be increasing lately. Last Spring Paul Volker was suggesting one, and David Theroux recently noted in his blog Paul Krugman’s support. Alice Rivlin and Pete Domenici suggest a 6.5% “debt...
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