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What we need like a hole in the head is the "Globalists" getting together on a "Tax Policy".

This has been in the works for several years now, part of converting our tax system in to an individual income tax plus EU style VAT.

http://www.taxfoundation.org/foundationmessage03-00.html

"Under the WTO definition of the term, a sales tax is an indirect tax, as is an European-style VAT. The economic equivalence of an European-style VAT and a subtraction-method VAT is well-established. A subtraction-method VAT is essentially identical to a business income tax except that all purchases of plant and equipment may be expensed, rather than depreciated as under current U.S. law."

House Ways & Means Committee hearings in 2001 were held on how and why we should make changes to make our Corporate tax system WTO compliant. The changes put forward in the above article are in line with creating an individual income tax plus VAT system of the European Union.

I would prefer getting rid of all individual and Corporate taxes, and going to a totally visible single rate single stage Retail Sales Tax. Such a tax has the advantage that exports have no taxes embedded in them overcoming the problems of corporate taxation that embeddes taxation in the price of goods and services and makes the real burden of federal taxation visible to the citizen providing an incentive towards smaller government an expenditure reductions.

Thomas Hobbes from Leviathan

"It is fairer to tax people on what they extract from the economy, as roughly measured by their consumption, than to tax them on what they produce for the economy, as roughly measured by their income."

What we need like a hole in the head is the "Globalists" getting together on a "Tax Policy".

"This has been in the works for several years now, part of converting our tax system in to an individual income tax plus EU style VAT."

Thanks for deciphering this mishmash of a speech. I was ready to post this statement (because I read the article twice and could not figure out her agenda):

"When bureaucrats speak no clear point will be made..."

Now I understand...

All this talk of tax reform and the only time the individual is considered is when s/he's putting up money for corporations (investment). If you ain't "multinational", "cross border", WTO, Globalist, you ain't shit.

You've heard the adage: Be careful what you wish for.

I wonder how long before you and other sales tax shills, so desperate for a sales tax go 180, then start cheering the VAT as a consumption tax and the first step to your dream.