{"id":533794,"date":"2010-04-19T08:55:03","date_gmt":"2010-04-19T12:55:03","guid":{"rendered":"http:\/\/blogs.reuters.com\/james-pethokoukis\/?p=3715"},"modified":"2010-04-19T08:55:03","modified_gmt":"2010-04-19T12:55:03","slug":"team-obama-already-running-the-numbers-on-a-vat","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/533794","title":{"rendered":"Team Obama already running the numbers on a VAT"},"content":{"rendered":"<p>Talk about burying the lede. This from the <em><a href=\"http:\/\/thecaucus.blogs.nytimes.com\/2010\/04\/18\/reduction-is-theme-of-presidents-next-act\/\">NYTimes<\/a><\/em> and my pal John Harwood:<\/p>\n<blockquote>\n<p>One way to reach that 3 percent [deficit-to-GDP] goal, by the calculations of Mr. Obama\u2019s economic team: a 5 percent value-added tax, which would generate enough revenue to simultaneously permit the reduction in corporate tax rates Republicans favor.<\/p>\n<\/blockquote>\n<p>Me. Not only does it look like they are considering a VAT, the only offset would be lower corporate taxes. The whole thing would be a net tax increase, obviously. I mean, that is the whole point, despite all the talk about its efficient, pro-growth effects. A VAT of that size would raise $250-$300 billion a year in new tax revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Talk about burying the lede. This from the NYTimes and my pal John Harwood: One way to reach that 3 percent [deficit-to-GDP] goal, by the calculations of Mr. Obama\u2019s economic team: a 5 percent value-added tax, which would generate enough revenue to simultaneously permit the reduction in corporate tax rates Republicans favor. Me. Not only [&hellip;]<\/p>\n","protected":false},"author":1063,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-533794","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/533794","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\/1063"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=533794"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/533794\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=533794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=533794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=533794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}