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Value Added Tax prompts talk of a fiscal revolution
The article outlines a developing debate in Washington over a national value added tax VAT. It explains how VAT would function from production to final sale and notes that while proponents praise its invisibility and revenue potential, opponents warn it would be regressive and shift burden from the rich to the poor.
MENTIONED IN THIS ARTICLE
Washington
Nixon
House
Ways and Means Committee
Secretary of the Treasury
John B. Connally
White House
State of the Union