I used to hate the idea of a VAT tax until it occurred to me that it is a regressive tax that distributes the tax burden a little more towards those who currently don’t pay their fair share. Also it’s a tax that would encourage savings - and I think that change of mindset would lead to a better America.
RE: I used to hate the idea of a VAT tax until it occurred to me that it is a regressive tax that distributes the tax burden a little more towards those who currently don’t pay their fair share.
Just keep in mind that Herman Cain’s SALES TAX is NOT a VAT Tax.