The $2T proposed spending cuts are over 10 years. Reporters are either told to not report that or they choose not to.
And that 10 yrs is not divided equally. It’s not $200B/yr. It’s back loaded so that it never happens.
And btw, the priority of the budget talks are making permanent the Trump 2017 tax cuts. Tax cuts, not a new VAT imposition.
The concept is, of course, a consumption tax, levied evenly on all levels of income — including those paying with SNAP or welfare.
That can just be put to bed. It is no more likely to happen than the real solution — execution of huge portions of the populace and confiscating their estate assets to pay down the debt.
A VAT that literally went to the debt only might work IF they ensure it doesn’t end up in the general fund.