StanCollender'sCapitalGainsandGames Washington, Wall Street and Everything in Between



Clive Crook Says "Taxes are going up -- a lot."

17 Mar 2010
Posted by Stan Collender

And he says in National Journal that a value-added tax is on the horizon.

There's nothing really new in Clive's column.  Bruce has been saying that a VAT is logical for a long time.  And among many others, I've been saying that the deficit isn't just a spending problem.

But the fact that Clive is now willing to go where others have boldly gone before is an important indication that the public debate is now changing and that a tax increase is becoming a topic for polite conversation.  It might not yet inevitable but it's definitely becoming more acceptable.

 



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