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It's Time to Vet the VAT As a Solution to America's Staggering Debt

Deborah Szekely | Posted 05.25.2011 | Politics
Deborah Szekely

A national value-added tax would keep Americans more attentive to government spending, and it would send a signal to the world that we are serious about deficit spending and debt reduction.

Testimony on Sensible Tax Reform

James K. Galbraith | Posted 05.25.2011 | Business
James K. Galbraith

The realized budget deficit is an economic outcome, not a policy choice. So long as the economy faces high unemployment, there is no fiscal formula that can make it go away.

My 2010 "McLaughlin Awards" [Part 1]

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

My apologies to anyone tuning in who was expecting to see the 150th "Friday Talking Points" column, since it will be pre-empted for two weeks here. B...

Production and Competition: What's the Matter With America?

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

What's the matter with America? The most competitive nation in the world is not competing. The most productive nation in the world is not producing.

How To Solve America's Tax Nightmare: CUT Tax Rates, Eliminate Tax Returns, Create VAT

Newsweek | Keith Libbey and Evan ThomasAugust 26, 2010 | Posted 05.25.2011 | Politics

How about this for a tax plan: cut most people's taxes by half, eliminate the need to file returns, and provide the Treasury with a better way to redu...

Taxing the Financial Sector

Carlo Cottarelli | Posted 05.25.2011 | Business
Carlo Cottarelli

Our challenge is to ensure that financial institutions bear the direct fiscal costs of any future failures or crises -- and maybe somewhat more, given all the other costs that bank failure can impose on the economy.

VAT and The Great Tax Swap

Pat Choate | Posted 05.25.2011 | Politics
Pat Choate

My proposal herein is simple. Eliminate the existing U.S. personal and corporate income tax system altogether and replace it with a VAT -- a great tax swap of historic proportions.

Obama: VAT May Be A Revenue Option, Spending Cuts First

AP | By CHARLES BABINGTON | Posted 05.25.2011 | Business

WASHINGTON (AP)-- President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openn...

Replace the Corporate Income Tax!

Sen. Fritz Hollings | Posted 05.25.2011 | Business
Sen. Fritz Hollings

The more you consume, the more you pay. Canceling the corporate income tax reduces the cost to all consumers. The 5% VAT is a winner for the poor, the middle-class, and the rich, and it is absolutely necessary in the trade war.

A Big VAT Lie

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

I speak of the "value-added tax," or "VAT." Republicans are horrified that President Obama has a secret plan to pass this tax, and are shouting from the rooftops (of the nearest Fox News building).

Volcker: Consider Higher Taxes To Tame Deficit

Reuters | Posted 05.25.2011 | Business

The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White ...

Our Only Hope

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

After trillions of dollars of stimulation, the private sector is only creating 41,000 jobs a month. Something else is wrong. And what's wrong with the economy is that Corporate America off-shores its jobs as fast as it can.

Value-Added Tax Trap: The inevitable fix for the deficit

Feb. 8, 2010 | Shawn Tully | Posted 05.25.2011 | Business

NEW YORK (Fortune) -- The gigantic deficits the Administration is projecting are appalling, and they provide a chilling look at our future: America is...

It's the Unemployment, Stupid

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

If unemployment keep rising, the GOP is primed to pick up dozens of seats in the House, crippling the Obama administration's capacity to recoup in a second term.

When Will They Ever Learn?

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

In Afghanistan, we're trying to secure a country of 31 million with 64,500 troops -- and think that 20,000 more will do the job. When will we ever learn?

America's Tax Crybabies

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

To Canadians, and the rest of the free/developed world, an across-the-board sales tax is not only a no-brainer but, quite possibly, a world saver now.

Policymakers Taking Fresh Look At National Sales Tax

The Washington Post | Lori Montgomery | Posted 05.25.2011 | Politics

With budget deficits soaring and President Obama pushing a trillion-dollar-plus expansion of health coverage, some Washington policymakers are taking ...

Does The US Need A New Kind Of Tax? | Shawn Tully | Posted 05.25.2011 | Business

It's called a value-added tax, or VAT, and it's been used for decades to pay the bills and sustain the immense growth of governments around the world,...