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IBD/TIPP Poll: Vetoing The Value-Added Tax

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• Category: Taxes
• Published Date
• Written by Investor's Business Daily
• Hits: 1464

Washington is taking a "fresh look" at the value-added tax, which would impose a new levy on every level of production all the way to the consumer. With deficits soaring, a 10% VAT levy might just tempt policymakers, who see it as a way to pay for national health care. They'd better consult the voters first: Our own IBD/TIPP Poll finds voters ­- regardless of party - overwhelmingly oppose a VAT, either as a supplement to our current income tax or as a replacement for it.

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