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    VAT Finds Favor with Debt Commission Co-Chairman Bowles

    “I think there are many good arguments that you can make for a value added tax or a consumption tax, as opposed to a tax on wages” said National Commission on Fiscal Reform Co-Chairman Erskine Bowles on April 25 during a joint appearance with Co-Chair Alan Simpson on Fox News. … More

    Obama Calls for a VAT

    President Obama has consistently ducked the question on whether he is considering a massive tax hike in the form of a value added tax (VAT) – until now. Yesterday in an interview with CNBC, the president made clear that he is open to a VAT – once he has seen … More

    The Obama Budget Plan: Taxes and Rationing

    Suddenly, the Obama administration and Democratic congressional leaders seem to want health-care news stories to fall off of the front page. This week, House Energy and Commerce Chairman Henry Waxman abruptly cancelled a high-profile hearing he had called just days earlier to berate corporate CEOs who dared to tell their … More

    McCain Throws Down the VAT Gauntlet

    The capstone of President Obama’s the “Glut the Beast” strategy is to maneuver the country into accepting a massive new Value-Added Tax (VAT).  This as yet unannounced policy has been lurking in dark policy corners for months, with no word from the President.  Senator John McCain (R-AZ) has decided not … More

    Europe’s Record Shows VAT is No Solution to Debt

    The United States is on an unsustainable financial course, and everyone seems to know it.  As Heritage highlighted in our recently published 2010 Budget Chart Book, if nothing is done, federal obligations will reach heights that even enormous tax increases will be unable to reverse.  In 2010, the federal budget … More

    Volcker’s Volley: The VAT Battle Begins

    President Obama’s push to enact a massive tax increase in the form of a new value-added tax (VAT) is now clearly underway. Earlier this week, Obama economic adviser and former Chairman of the Federal Reserve, Paul Volcker said a “VAT should be on the table.” White House claims that Volcker … More

    Morning Bell: How the Left Really Plans to Pay for Obamacare

    According to the Congressional Budget Office (CBO), over half of President Barack Obama’s new $940 billion health care entitlement is paid for by price-fixing Medicare cuts. Never mind that the President’s own Centers for Medicare and Medicaid Services says that these cuts would cause “roughly 20 percent” of Medicare providers … More

    Morning Bell: The 'Tax and Spend' Left are Back with a Vengeance

    According to exit polls, Americans who voted last November 4th described themselves as 34% conservative, 44% moderate and only 22% liberal. One third of new voters were independents — and about two-thirds of them voted for President Barack Obama. How did President Obama win over so many moderates and independents? … More

    Speaker Pelosi Hints at Massive Tax Hike

    Speaker Nancy Pelosi joined a growing liberal chorus calling for a massive tax hike through the implementation of a value added tax (VAT). A VAT is similar to a national sales tax. Businesses would pay it at each stage of the production process and consumers at the cash register. European … More

    Tax Freedom Day Video: We are Never Really Free

    Tax Freedom Day is the day in the year when we have earned enough income to pay our total tax bill for the year. It is a simple way to illustrate the cost of government and can be applied to countries around the world. In the U.S., according to the … More