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Vat Tax

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...

Playing Games

Sen. Fritz Hollings | Posted 09.04.2011 | Politics
Sen. Fritz Hollings

The problem is not entitlements -- Medicare is in surplus until 2024; Social Security 'til 2036. The problem is the president and Congress playing games and refusing to pay for government.

The Vat Is Necessary

Sen. Fritz Hollings | Posted 07.10.2011 | Politics
Sen. Fritz Hollings

People are frustrated because there's all talk and no action on jobs and deficits. People are frustrated because our competitive country is not competing in globalization. To compete, to create jobs, a value added tax is necessary.

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).

Washington's Job Fraud

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

Today, the U.S. has the export profile of an eighteenth century colony. Because we've suffered a $5.8 trillion trade deficit in the last decade, Obama should levy a 10% surcharge on imports like Nixon did.

The Ever-Increasing Need for an American Industrial Policy

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

Job loss from the recession will likely rebound when the recession ends. But the job loss from off-shoring won't rebound until we adopt an industrial policy to compete in the trade war.

Out of Afghan, Into Trade War

Sen. Fritz Hollings | Posted 05.25.2011 | World
Sen. Fritz Hollings

Washington obscures the Trade War by calling it globalization. Globalization is nothing more than a trade war with production looking for countries cheaper to produce.

Get Out of Iraq and Afghanistan and Into the Trade War

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

The political luxury of being against government has got to stop. Government, not productivity, is the comparative advantage in the Trade War.

Perfect Desertion

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

The politics of the President and the Congress, influenced by the politics of the financial community, brews into the perfect desertion.

One Troop

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

For now, we can solve the problems of our fiscal and trade deficits by eliminating the corporate income tax and replacing it with a 3% value added tax. This actually cuts taxes and raises more revenue.