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Posts Tagged ‘VAT’

The Tax Con

Tim Geithner seemed to make it pretty clear today that the administration plans to let the Bush tax cuts for individuals making more than $200,000 and families earning more than $250,000 expire. Here is the rationale for increasing taxes: “We think that’s the responsible thing to do because we need to make sure we can [...]


More VAT Trial Balloons

Roger Altman, a former Clinton administration Treasury official, is another in a growing list of Democrats who are helping set the stage for a major tax increase in the next couple of years. It’s not just a nibble around the edges tax cut either, he’s stumping for a VAT tax. In a Wall Street Journal [...]