Vat

Making Romney Electable

Sen. Fritz Hollings | Posted 04.25.2012

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 04.09.2012

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

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.

Building the Economy

Sen. Fritz Hollings | Posted 04.15.2012

Sen. Fritz Hollings

How do you think government builds a strong economy? Paying its bills, incentives and enforcing its trade laws to protect investment.

Eureka!

Sen. Fritz Hollings | Posted 04.02.2012

Sen. Fritz Hollings

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

Lazy Is Not Our Problem

Sen. Fritz Hollings | Posted 01.23.2012

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.

Occupy's Cause

Sen. Fritz Hollings | Posted 12.26.2011

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

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.

Shameful Conduct

Sen. Fritz Hollings | Posted 12.05.2011

Sen. Fritz Hollings

President Obama bails the economy boat as fast as he can with tax cuts and infrastructure, but fails to plug the off shore hole in the sinking economy. Shameful conduct! Not on Wall Street, but in Washington.

Getting Money for That

Sen. Fritz Hollings | Posted 11.14.2011

Sen. Fritz Hollings

The president and all in Congress agree on creating jobs -- in China. They get money for that.

Flatten Your Belly!

Penny Love Hoff | Posted 10.20.2011

Penny Love Hoff

Belly fat comes in two different forms. One is slightly annoying and fairly harmless.

Which Country's Mega-Rich Want To Pay Higher Taxes?

WSJ | Robert Frank | Posted 10.24.2011

By Robert Frank of the Wall Street Journal Warren Buffett is playing well in France. A group of 16 of the richest people in France has signed a ...

The Grand Charade

Sen. Fritz Hollings | Posted 08.08.2011

Sen. Fritz Hollings

Don't give us a long-term plan for future Congresses to pay the debt. Start paying it. Cut out the politics and replace the corporate tax with a 6% VAT. Cut spending and start paying for government.

GE Versus The NYT: Who Pays More Taxes?

Tax.com | David Cay Johnston | Posted 06.11.2011

Just as the individual income tax falls more heavily on the affluent than the super-rich, so too does the corporate income tax. The giants of American...

Time for Real Tax Reform, Again

Pat Choate | Posted 05.28.2011

Pat Choate

The U.S. needs a major tax reform that can simultaneously lower taxes overall, produce more revenues and enable fewer if any program cuts -- as happened in during the Reagan administration.

Raising Government Revenue in Africa: A Road Out of Poverty

Mark Plant | Posted 05.25.2011

Mark Plant

There are limits to how much a government can receive as grants from donors or borrow. So raising tax revenues is a necessary element for governments to spend on providing more of these essential services and, in turn, reduce poverty.

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

Deborah Szekely | Posted 05.25.2011

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

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

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

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

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

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

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

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

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.