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  1. Taxes
  2. Tax Breaks

Should you worry about a VAT?

Published: Dec 05, 0001 1 min read

A couple of weeks ago, a Facebook friend of mine with Tea Party-ish leanings posted an outraged note about the Obama administration's plans to slap Americans with a Value Added Tax, or VAT. Turns out former Fed chairman—and now Obama economic adviser—Paul Volcker said that a VAT would be worth considering to tackle to deficit.