Los Angeles Times article - 'America needs a VAT'
31-05-2010

May 24, 2010 - Leo Hindery Jr. and Michael Lind

'A value-added tax would go a long way toward solving several of the country's fiscal and tax problems.

Does America need a VAT? The short answer is "yes."

Influential figures, including Bruce Bartlett on the right, Paul Volcker in the center and House Speaker Nancy Pelosi on the center-left, have suggested that a value-added tax of the kind used by other modern governments be considered as a principal means to reduce the federal deficit. Although the White House has emphasized that there are no immediate plans for a VAT, President Obama told CNBC that a VAT is one of the major tax-reform alternatives being considered to close the budget gap.'

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