Raising revenue with a progressive-value added tax
The Problem The future fiscal and economic health of the United States depends on the federal government’s ability to increase revenues above their current, historically low rate. Tax policies used today by the U.S. federal government have advantages and disadvantages, but few can match the efficiency of a well-designed value added tax (VAT). A VAT does not distort … Continue reading Raising revenue with a progressive-value added tax
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