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title: Should you worry about a VAT?
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![Should you worry about a VAT?](https://money.com/img/logo-social.png)

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.

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