Value-Added Tax: A Non-Tax Tax Increase

One President Obama's many campaign promises was that he wouldn't raise taxes on the middle class.  So how can he get around this?  A value-added tax (VAT) of course!  A VAT is a tax on manufacturers at each stage of production on the amount of value an additional producer adds to a product.  It's the perfect non-tax tax increase.  The problem, of course, are the huge costs that will be passed on to consumers and businesses.  The VAT is, arguably, a way to raise money for government, but will put American's out of jobs and won't raise money.

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