Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
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Banning styrofoam would have negative consequences for small businesses and consumers: http://t.co/Upjes6JZ2L
May 18, 2013 05:00 PM
taxreformer -
Cutting the Red Tape: @RepGarrett's SEC Accountability Act: http://t.co/dAMtRAWokI
May 18, 2013 04:30 PM
taxreformer -
New @simplertaxes project is a virtual suggestions box for the federal government: http://t.co/l1VmdjO2mE #RATEreform
May 18, 2013 03:00 PM
taxreformer -
Gov. Bob McDonnell fails Virginia taxpayers by signing his massive tax hike into law: http://t.co/8ENkqOlelO
May 18, 2013 02:30 PM
taxreformer -
The next European-style, nanny state ban? Styrofoam: http://t.co/Upjes6JZ2L
May 18, 2013 02:01 PM
taxreformer -
Virginia Republicans must protect taxpayers from Gov. McDonnell's $5.9 billion tax hike: http://t.co/8ENkqOlelO
May 18, 2013 01:30 PM
taxreformer -
1,700 days and counting since the first #KeystoneXL Pipeline proposal: http://t.co/xWYHWYGxkm
May 18, 2013 01:00 PM
taxreformer -
New bill from @RepGarrett aims to keep the SEC accountable for out-of-control regulations: http://t.co/dAMtRAWokI
May 18, 2013 12:30 PM
taxreformer -
Don't say they didn't warn you. Under Obamacare, the IRS will soon be given greater audit powers: http://t.co/Y3QQhdVmYX
May 18, 2013 12:01 PM
taxreformer -
Virginia Gov. Bob McDonnell cements his tax-hiking legacy with $5.9 billion transportation bill: http://t.co/8ENkqOlelO
May 18, 2013 11:30 AM
taxreformer
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Herman Cain Was Against a VAT Before He Was For It
In 2010, Herman Cain correctly said that a VAT would be horrible for America. Now he is proposing one.
Herman Cain's "9-9-9" plan is coming under increased scrutiny. At issue is the fact that two of the "nines" are sales taxes. One is a national retail sales tax. The other is a value-added tax (VAT).
ATR has long been opposed to a VAT, since the European experience with them has been so negative. VATs started out in Western Europe at about a 5 percent rate, but now average about 20 percent. There is a 15 percent minimum VAT requirement just to join the European Union. The growth of government spending in Europe since 1970 is directly-correlated to the growth in the VAT.
Herman Cain would seem to agree--that is, the Herman Cain of less than one year ago. Here's what he had to say less than a year ago on November 21, 2010:
The worst idea is a proposed national sales tax, which is a disguised VAT (value added tax) on top of everything we already pay in federal taxes...In every country that has established a VAT with the promise of reducing their national debt, the VAT has eventually gone up or expanded on top of the existing tax structure. After discovering many of the tax grenades in the recently passed health care deform bill, which is already driving costs up and access down, it would be real easy for an overzealous bureaucrat to insert the language in the legislation “national retail and wholesale” tax.
Herman Cain (last year's version) is correct. A VAT would be a horrible idea for America.
So why is it one-third of 9-9-9?
Posted by Ryan Ellis 
on Monday, October 17, 2011 11:30 AM EDT
on Monday, October 17, 2011 11:30 AM EDTTo follow Ryan Ellis's RSS feed click here. To follow them on Twitter, their handle is @ryanlellis
