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Value Added Tax

Is There a VAT in our Future?

February 8, 2010

Shawn Tully of Fortune Magazine seems to think so.  In fact, he predicts that a value added tax (VAT) is the only practical solution to the exploding of deficit spending that is part of Obama’s mammoth $3.9 trillion budget.  Tully argues that there are really three options to get rid of our deficit: Economic Growth [...]

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