Using a VAT for Deficit Reduction
- Fiscal Federalism Initiative
- November 7, 2011
Quick Summary
This paper examines two options to increase revenues. The first option is to adopt a value-added tax (VAT). The other option would reduce the deficit by the same amount as the VAT, but in a very different way: by increasing all individual income tax rates, including those that apply to capital gains and dividends.- Date:
- November 7, 2011
- Project:
- Fiscal Federalism Initiative
- Issues:
- Federal Impact
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