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A National Sales Tax To Cure What Ails The National Debt
23 hours ago ago from 24/7 Wall St.
Politicians and economists are forever coming up with new ideas to lower the national debt which is now over $12 trillion and growing rapidly. The New York Times reports that the idea of a national sales tax or value added tax is back on the table as a way to offset rising deficits. As the paper points out, a sales tax is unlikely to have the many exemptions that the US income tax rules do. There is no question that all taxes can ...
Related contentSomething new, something old to end U.S. economic crisis .: Economic Crisis in US
14 hours ago ago from Economic crisis in US
Enough of the silly slogan that government isn't the solution, government is the problem. Government, in fact, is the solution to a national economic calamity not seen since the 1930s. Today's painful conditions would have been more disastrous had Washington not stepped in with massive business bailouts. The remedy prescribed by ultraconservative Republicans—more tax cuts—would have healed nothing. In fact, tax cuts favoring the wealthy ...
Related contentComing soon? Value added tax
20 hours ago ago from respublica
National debt is rising. How to pay for it? What some in congress are now suggesting is "a value-added tax, which is a tax on goods and services that is collected at every step along the production chain, from raw material to a consumer’s shopping bag. Just when we hear congress is planning to raise the national debt ceiling to 1.8 trillion dollars, we hear we might be looking at new taxes on everything. Does anyone take into ...
Related contentBrown’s 'Pre-Budget' Bluster
14 hours ago ago from Dominic Raab's Blog
This week Gordon Brown released the government’s pre-budget report. Despite all the bluff and bluster about bashing bankers, this proved yet another missed opportunity. Brown failed to tackle the debt crisis facing Britain, and failed to support small business in Elmbridge and beyond. Amidst the detail, there are three key points: - First, the government is carrying on spending as if Britain was not facing an epic crisis of public debt. ...
Related contentDaily Dispatch: Unemployment and Taxes - Dec 11, 2009
11 hours ago ago from Gold Speculator
December 11, 2009 | www.CaseyResearch.com Unemployment and Taxes Dear Reader, You'd think that by writing a daily missive such as this, one would run out of things to write about in relatively short order. Not hardly. There is so, sooo, soooo much going on in the world just now that everywhere I look, up pops something worth paying attention to. And that's just me and doesn't include all the other folks here at Casey ...
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