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Value Added Tax

Hate Filing Your Tax Return? Good

Joseph J. Thorndike | Posted 06.03.2013 | Business
Joseph J. Thorndike

People everywhere hate taxes. What makes the United States distinctive, I think, is our insistence on collecting so much of our tax revenue in a distinctly unpleasant way. No stealthy value-added taxes for us! We're going to do it the hard way.

Why It's Time For a National Sales Tax

Gene Marks | Posted 04.24.2013 | Small Business
Gene Marks

The VAT works well in nearly every other developed nation and it can work just as well here. It would replace our current, complicated and frustrating sales tax system with something much more simplified.

Building China's Economy Instead of Ours

Sen. Fritz Hollings | Posted 04.01.2013 | Politics
Sen. Fritz Hollings

The United States is the most competitive country in the world. We compete in sports, business, medicine, law, and academia -- even religion. Everythi...

Best Government Money Can Buy

Sen. Fritz Hollings | Posted 03.25.2013 | Business
Sen. Fritz Hollings

The president made a powerful inaugural address, referencing the Declaration of Independence by intoning several times "We, the people." The people re...

Decline

Sen. Fritz Hollings | Posted 03.19.2013 | Politics
Sen. Fritz Hollings

No longer in Washington, I try to withhold judgment. But when the best of writers, E.J. Dionne in the Washington Post, writes: "America is not in dec...

Second Agenda

Sen. Fritz Hollings | Posted 01.28.2013 | Business
Sen. Fritz Hollings

Apparently President Obama and Congress believe that they are not responsible for the economy; that all they have to do is let market forces work; tha...

Critical Needs Ignored

Sen. Fritz Hollings | Posted 01.07.2013 | Politics
Sen. Fritz Hollings

The presidential campaign ignored the real needs of the country. Four problems -- four solutions. First, Congress needs to take the government back ...

Games

Sen. Fritz Hollings | Posted 11.12.2012 | Politics
Sen. Fritz Hollings

The president and Congress refuse to compete in globalization, but compete in the worst game of all: contributions before country.

Duty

Sen. Fritz Hollings | Posted 10.22.2012 | Business
Sen. Fritz Hollings

Listening to Morning Joe, one would think that Corporate America was responsible for jobs. Corporate America is responsible for profits. The government is responsible for jobs

Tax Cut

Sen. Fritz Hollings | Posted 10.17.2012 | Business
Sen. Fritz Hollings

Joe Scarborough constantly complains on Morning Joe: "The people hate big government." Grover Norquist wants to bring the government down to size so ...

Fighting in Trade War

Sen. Fritz Hollings | Posted 10.10.2012 | Politics
Sen. Fritz Hollings

Our founding fathers were politicians who believed in government. They didn't have economists hovering over them to make sure they created growth fo...

Favoring China

Sen. Fritz Hollings | Posted 09.10.2012 | Business
Sen. Fritz Hollings

Fundamental to an industrial policy is a Value Added Tax that's rebated on exports. The Corporate Tax is not.

Righting the Wrongs

Sen. Fritz Hollings | Posted 08.15.2012 | Business
Sen. Fritz Hollings

President Obama can right his campaign wrongs by getting the Value Added Tax introduced in Congress and debated. If it passes, he'll be on easy street.

Jumpstarting the Economy

Sen. Fritz Hollings | Posted 07.30.2012 | Business
Sen. Fritz Hollings

We are offshoring jobs faster than we can create them. We keep stimulating or bailing the economy boat as fast as we can but ignore the offshore hole in the bottom.

Making Romney Electable

Sen. Fritz Hollings | Posted 06.25.2012 | Politics
Sen. Fritz Hollings

The United States needs to develop an industrial policy to make Corporate America want to invest and create jobs in our country.

Untying the Knot

Sen. Fritz Hollings | Posted 06.09.2012 | Business
Sen. Fritz Hollings

Budget rhetoric in Washington is askew. Instead of discussing taxes we ought to be discussing the merit of programs and how to pay for them. But programs are never debated.

A Grown-Up Conversation About the Corporate Tax

Martin Sullivan | Posted 05.29.2012 | Politics
Martin Sullivan

Higher corporate taxes do not reduce corporate capital formation. They shift it abroad. The result is domestic job losses and lower domestic wages.

Eureka!

Sen. Fritz Hollings | Posted 04.02.2012 | Business
Sen. Fritz Hollings

If the president would campaign on competing in globalization he not only could save his reelection, he could save the country.

It's the Economy, Stupid

Sen. Fritz Hollings | Posted 03.28.2012 | Politics
Sen. Fritz Hollings

If the president would protect steel, motor vehicles, computers and machine tools like President Reagan did, it would create millions of jobs. President Obama refuses to enforce our trade laws.

Occupy Needs Lobbyist

Sen. Fritz Hollings | Posted 02.01.2012 | Politics
Sen. Fritz Hollings

Even if Occupy could agree on one purpose, Occupy wouldn't work because Congress no longer responds to the needs of the people. It only responds to the needs of the lobbyists. The people have lost control of their government.

Lazy Is Not Our Problem

Sen. Fritz Hollings | Posted 01.23.2012 | Politics
Sen. Fritz Hollings

Instead of making our tax laws competitive, President Obama continues the tax benefit to off-shore or get rid of jobs. Instead of enforcing our trade laws, like he is sworn to do, the president ignores them.

It's the Policy, Stupid!

Sen. Fritz Hollings | Posted 01.04.2012 | Politics
Sen. Fritz Hollings

Elected to the U.S. Senate seven times, I know about the running for re-election on presidents' policies. In fact, my re-election in 1998 can be attributed in large measure to my vigorous opposition to President Clinton's NAFTA with Mexico.

Occupy's Cause

Sen. Fritz Hollings | Posted 12.26.2011 | Politics
Sen. Fritz Hollings

The people have lost control of their government. Wall Street, the big banks, and Corporate America are the biggest contributors to the re-election of the Congress, and their lobbyists have seized control.

Republicans Attack Cain's 9-9-9 Plan

Chris Weigant | Posted 12.19.2011 | Politics
Chris Weigant

Cain is fighting hard, but he will fail. "I'm going to raise taxes on 84 percent of America!" is not the best way to get elected in this country, and it is definitely not the way to win a GOP primary.

Five Misconceptions

Sen. Fritz Hollings | Posted 12.17.2011 | Politics
Sen. Fritz Hollings

Ezra Kline published in The Washington Post an analysis of what Washington should have done to create jobs. And Eugene Robinson in The Washington Pos...