The Bottom Line: Vetting the VAT
CRFB.org - The ... - October 15, 2009 - 11:24am
In a recent op-ed, Henry Aaron and Belle Sawhill argued that a value added tax (VAT) – a tax on consumption imposed piece-wise in various stages of production – could help to “bend the revenue curve.” The two argue that health care reform cannot do enough to control the long-term debt, explaining that “Medicare will require increased revenue as the baby boomers retire, even if the program's structure is materially changed,” and that “revenue generated under current tax laws cannot pay for the government services -- health care and everything else."...
