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To: 2ndDivisionVet
The national sales tax, referred to as VAT (value-added tax) and widely used by governments across Europe, will help cut the U.S deficit, Krugman argues.

A VAT is NOT a national sales tax---it's a very insidious tax placed at every level of production of a given product and is reflected in the final price of the product, not tacked on afterward, making it mostly invisible to consumers.

25 posted on 11/14/2010 4:31:10 PM PST by Virginia Ridgerunner (Sarah Palin has crossed the Rubicon!)
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To: Virginia Ridgerunner

Why would he want to cut the deficit? I thought deficits were good.


27 posted on 11/14/2010 4:32:34 PM PST by Brilliant
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