The only plus side of a VAT is that it eliminates local and state taxes. A community gets X-amount of the tax created, and that’s it. If you want more...they have to generate a higher property tax.
Cruzs VAT tax is not about sovereign USA ....
June 24, 2015, 10:00 am
Whoops! We forgot to include the VAT in the TPP
By Kevin L. Kearns
How is that going to work? The VAT would be a Fed tax. What control does the Federal government have on State or Local taxation?