.
The VAT or Value Added Tax is a glorified sales tax that is added on for wholesale as well as retail transactions. It would generate a lot of income for the government and be less visible than most taxes.
George Will noted on Christiane Amanpour's show why we don't have one.
The The Ds see it is a regressive and the Rs think of it as a cash cow.
He then noted that we will get one in a minute as soon as:
The Rs see it as regressive and the Ds realize that it is a cash cow.
paraphrased
Monday, May 2, 2011
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