\nis useful and even-handed. If you need to collect revenue, it says, a
\nVAT is a good way to do it. Once it’s there, on the other hand, you can
\nraise it rather too easily to collect even more. That is something for
\nconservatives to worry about. Liberals are more concerned about
\nregressivity. A VAT exempts new savings, so the rich pay
\nproportionately less. There are ways to mitigate that drawback<\/a>,
\naccording to the Tax Policy Center’s Eric Toder and Joseph Rosenberg.
\nPayroll taxes are more regressive than a VAT. Using a VAT in part to
\nsubstitute for payroll taxes could make the system as a whole more
\nprogressive.<\/p>\n
Another paper by the TPC asks whether the present income tax code is capable of bridging the fiscal gap<\/a> So far as taxes and public spending are concerned, the US has been singular in two respects. It has not provided a public guarantee of health insurance, and it has not collected a value-added tax. This pairing of exceptions is no coincidence. Now that the first has been (mostly) legislated away, time may be running […]<\/p>\n","protected":false},"author":5958,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-526461","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/526461","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\/5958"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=526461"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/526461\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=526461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=526461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=526461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nby itself. The answer is no, certainly not if tax increases were
\nconfined to the highest-paid households, as Obama has promised.
\nSpending cuts and<\/i> new revenue sources are going to be required.<\/p>\n
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