VAT: no, no, no.
This is a HUGE tax INCREASE at the FEDERAL level!!!
Federal sales tax in ADDITION to federal income tax?
On top of local sales tax and property taxes?
Are we insane?
This would crush small businesses by reducing cash needed for startup and equipment. It would push more middle class into poverty, and expand DC control over the people.
The real problem is too many redundant Washington DC bureaucracies.
We send money to DC to pay salaries of thousands of bureaucrats, whose only job is to redistribute the money back to the states.
Eliminate many of the ABC agencies in DC—start with HUD— lower taxes, and keep the money in your state.
I liked Trump’s plan. Raise the personal exemption to $25K.
If this were combined with reductions in entitlements, along with time limits for receiving benefits and kicking illegals off the dole altogether, it would save billions and re-incentivize work.
After all, many low income workers opt for the better lifestyle of entitlements because the entitlements are not taxed.
Raise the exemption and reduce the entitlements, slashing programs and bureaucrats in the process.
The Federal Government has Millions of employees whose only function is to make business and individuals tow a line that some politician says they should tow.
The first thing the Federal Government should do is get rid of all business tax, all of it. In reality there is no such thing as a business tax. A business tax simply causes businesses to raise their price to cover the tax and then the end consumer ends up paying the tax. When we tax business it sounds good but we are only taxing ourselves.
I don’t think I care what the tax rate is as long as everybody pays it. Redistribution is Socialism, it promotes dependence on the State. Lets bring back good old fashioned charity and let those who want to help others do so. Perhaps the Federal Government could participate by helping fund some charities. The cost of people helping others would drop dramatically.
I’m sick of being a slave of governments where I give half or more of my money to go to people who waste it and don’t earn it.