- Published on Wednesday, 27 May 2009 05:00
- Written by Investor's Business Daily
- Hits: 1939
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.