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VAT talks return as lawmakers push for new tax
The VAT or value added tax is revived in U S policy debate with Rep Al Ullman and Sen Russell Long proposing it to replace some levies. Ullman envisions a 10 percent rate with social security cuts, while Long seeks to end payroll taxes. Supporting studies estimate revenue and effects on prices, with opposition citing tax burden on the poor.
MENTIONED IN THIS ARTICLE
Associated Press
France
U.S
al Ullman
House
Ways and Means Committee
Russell Long
Senate Finance Committee
Ullman
Oregon
Congress
Long
Louisiana
Donald Lubick
Treasury Department
Supermarket News
Great Britain
Ultman