[Hank Rearden]

The salient point - right at the end:

If we end up with a VAT, the fault will not be mine. The blame will go to those Republicans who created an extraordinarily expensive new entitlement program just to buy a few lousy votes. It is they who will bear the ultimate responsibility when financial markets demand that deficit reduction be once again the order of the day and tax increases become mandatory.

[kaktuskid]

If we end up with a VAT, the fault will not be mine. The blame will go to those Republicans who created an extraordinarily expensive new entitlement program just to buy a few lousy votes. It is they who will bear the ultimate responsibility when financial markets demand that deficit reduction be once again the order of the day and tax increases become mandatory.


Plus the large number of citizens who want the gov't to feed them, medicate them, and wipe their behinds!

[mdwakeup]

In 1986, we got as close to a flat tax as we ever will when the top rate was reduced to 28 percent in return for eliminating many deductions and preferences from the tax code.

We're getting close again. More and more of us are going to find ourselves in a flat tax situation every year if Congress doesn't do something about the alternative minimum tax! Are we sure a flat tax is such a good thing?

[jonno]

bump