Is it time for a national sales tax? From what I have seen, I think a flat consumption tax is a better system then the income tax system we have now. A consumption tax penalizes spending instead of penalizing saving as the sales tax does. Here is the important distinction between what I am thinking and these policy makers. I favor a consumption tax over the income tax; read either or. The policy makers are thinking about instituting a value added tax without first getting rid of the income tax; read and.
What this looks like to me is just increasing taxes anyway they think they can get away with it. It will be a huge mistake.
Read more at http://www.washingtonpost.com/wp-dyn/content/article/2009/05/26/AR2009052602909.html?wprss=rss_politics.
Wednesday, May 27, 2009
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