How Correcting a 1986 Tax Reform Error will Address All Four U.S. Deficits

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At www.tradereform.org


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Many of our current problems are the direct result of flawed solutions of previous ones. Perhaps the biggest U.S. Tax Reform error was the omission of a Value Added Tax (VAT) from the 1986 Tax Reform Act, due to President Reagan's lack of enthusiasm. Any benefit of this Tax Reform Act was short lived, because it to lead to a global tax-cut war, where our trading partners matched or surpassed U.S. cuts. Most other advanced economies avoided our mistake by relying heavily on VATs as a way to efficiently collect revenue in a way that's compatible with economic growth. The book I.O.U.S.A. highlights four U.S. deficits, namely, Leadership, Trade, Saving and Budget. The linked presentation: Top 10 Reasons for a VAT provides a deep-dive on how a federal Value Added Tax will have a very favorable effect on the latter three deficits and correcting a past policy error speaks well of leadership.

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At www.tradereform.org


 

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Innovative Value Added Tax (VAT) The criti... by Hugh Campbell on Tuesday, Oct 22, 2013 at 6:03:47 PM
Is any VAT, as such, regressive? The presumption t... by Charles Roll on Tuesday, Oct 22, 2013 at 7:55:25 PM
Even if we believed that the only way that we coul... by Charles Roll on Tuesday, Oct 22, 2013 at 8:04:59 PM
He didn't say anything about "negative income tax"... by BFalcon on Wednesday, Oct 23, 2013 at 12:25:34 AM
Oh yeah, he did! Going back into the 1950s and ver... by Charles Roll on Wednesday, Oct 23, 2013 at 12:12:58 PM
I didn't mean Friedman, I meant the author of the ... by BFalcon on Wednesday, Oct 23, 2013 at 9:35:13 PM
You're correct that Hugh Campbell never said anyth... by Charles Roll on Wednesday, Oct 23, 2013 at 10:32:48 PM
Where do you find this misinformation?Married fili... by BFalcon on Wednesday, Oct 23, 2013 at 12:23:56 AM
The point of any VAT or tariff is to protect worke... by Charles Roll on Wednesday, Oct 23, 2013 at 10:38:41 PM
The labor cost in China and India seems to be less... by BFalcon on Wednesday, Oct 23, 2013 at 11:32:18 PM
As I have shown, the VAT or Tariff need not be reg... by Charles Roll on Thursday, Oct 24, 2013 at 12:30:12 AM
How did you show that VAT and tariff are or can be... by BFalcon on Thursday, Oct 24, 2013 at 2:45:46 AM
First of all, there is nothing regressive about pr... by Charles Roll on Thursday, Oct 24, 2013 at 2:55:32 AM
Here's a report from Campaign for America's Future... by Charles Roll on Thursday, Oct 24, 2013 at 9:21:11 PM
You are a victim of much simpler phoney argument.I... by BFalcon on Thursday, Oct 24, 2013 at 10:28:35 PM
You are like these Georgists who post here at OpEd... by Charles Roll on Friday, Oct 25, 2013 at 12:16:27 AM
BFalcon:You say you are for the little guy. You do... by Charles Roll on Friday, Oct 25, 2013 at 12:20:27 AM
I don't think that I am closed to outside ideas. H... by BFalcon on Friday, Oct 25, 2013 at 1:19:22 AM
Npw we are in agreement on the principles!I think ... by Charles Roll on Friday, Oct 25, 2013 at 3:30:23 AM
Thank you, you, Son of a Steelworker -- as I dub y... by Charles Roll on Tuesday, Oct 22, 2013 at 6:27:49 PM
And there's a book -- actually there are many, man... by Charles Roll on Tuesday, Oct 22, 2013 at 6:38:31 PM
Mr Roll,Thank you for you comments, to which I wis... by Hugh Campbell on Tuesday, Oct 22, 2013 at 8:03:30 PM
Beautiful! I love the quote! I'm saving it.Thank y... by Charles Roll on Tuesday, Oct 22, 2013 at 8:09:38 PM
A VAT is the only way I know to tax the U.S. under... by Hugh Campbell on Tuesday, Oct 22, 2013 at 8:18:09 PM
Ah, that's a good point. And I hadn't thought of i... by Charles Roll on Tuesday, Oct 22, 2013 at 8:43:45 PM
You are wrong. More VAT will cause less consumptio... by David Chester on Wednesday, Oct 23, 2013 at 9:00:00 AM
Mr. Chester, What is the track record for ... by Hugh Campbell on Wednesday, Oct 23, 2013 at 10:24:34 AM
Hong Kong is the prime example where government le... by David Chester on Thursday, Oct 24, 2013 at 1:09:49 AM
I don't think so! No doubt the government effectiv... by Charles Roll on Thursday, Oct 24, 2013 at 3:49:35 AM
I would not be posting here at this thread, since ... by Charles Roll on Thursday, Oct 24, 2013 at 3:57:55 AM
Ooops! I did not mean "many people who work in Hon... by Charles Roll on Thursday, Oct 24, 2013 at 4:10:48 AM
Either the government of Hong Kong had already o... by Hugh Campbell on Thursday, Oct 24, 2013 at 7:14:28 AM
"The ONLY tax which will incite the economy to be ... by Charles Roll on Thursday, Oct 24, 2013 at 3:54:40 AM