{"id":525474,"date":"2010-04-12T16:25:42","date_gmt":"2010-04-12T20:25:42","guid":{"rendered":"http:\/\/www.businessinsider.com\/robert-reich-vat-deficit-2010-4"},"modified":"2010-04-12T16:25:42","modified_gmt":"2010-04-12T20:25:42","slug":"everyone-agrees-the-vat-will-be-disastrous-to-the-us-economy","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/525474","title":{"rendered":"Everyone Agrees, The VAT will Be Disastrous To The US Economy"},"content":{"rendered":"<p>Professors Martin Field and Robert Reich were on CNBC with Larry Kudlow today discussing how the VAT, or value added tax, would be a bad solution to America&#8217;s deficit problems.<\/p>\n<p>They also brought up some other interesting solutions to solving America&#8217;s debt crisis.<\/p>\n<ul>\n<li>0:13 Prof. Feldstein: Feels we still don&#8217;t have enough data to know whether we are definitely out of the recession, risk remains for downturn<\/li>\n<li>1:10 Prof. Reich: Against VAT because its a hidden tax that effects all parts of production and that it would be a regressive tax<\/li>\n<li>2:00 Prof. Feldstein: Half of all Americans who file tax reserves don&#8217;t pay tax, with VAT they all would, costing citizens more<\/li>\n<li>5:45 Prof. Reich Defense expenditures might be the thing to trim to save the U.S. money<\/li>\n<\/ul>\n<p>\n<object width=\"480\" height=\"385\"><param name=\"movie\" value=\"http:\/\/www.youtube.com\/v\/0g7aJrW3CAc&amp;hl=en_US&amp;fs=1&amp;\" \/><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"allowscriptaccess\" value=\"always\" \/><embed type=\"application\/x-shockwave-flash\" width=\"480\" height=\"385\" src=\"http:\/\/www.youtube.com\/v\/0g7aJrW3CAc&amp;hl=en_US&amp;fs=1&amp;\" allowscriptaccess=\"always\" allowfullscreen=\"true\"><\/embed><\/object>\n<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/robert-reich-vat-deficit-2010-4#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/oEhbGtMFpWc\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Professors Martin Field and Robert Reich were on CNBC with Larry Kudlow today discussing how the VAT, or value added tax, would be a bad solution to America&#8217;s deficit problems. They also brought up some other interesting solutions to solving America&#8217;s debt crisis. 0:13 Prof. Feldstein: Feels we still don&#8217;t have enough data to know [&hellip;]<\/p>\n","protected":false},"author":1977,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-525474","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/525474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1977"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=525474"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/525474\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=525474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=525474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=525474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}