This Center for Freedom and Prosperity Foundation video explains why a value-added tax would be a dangerous money machine for big government. The evidence from Europe also shows that VATs actually lead to higher income taxes. www.freedomandprosperity.org
New VAT is good for Washington politicians but really bad for America - VAT looks benign on the surface but in Europe when the VAT taxes went in all the other taxes went up too. Why? Federal governments, especially the ones in really big jurisdictions, will not and probably cannot restrain spending - the only way to constrain spending is to starve the beast. Notice Ms. Pelosi and Co's "innovation" - of new collection schemes that is.
BERK
HT: Carpe Diem
