Time for a modified VAT tax

With congress facing the so-called “Fiscal Cliff” its time to re-consider replacing the current flawed income tax system with a modified Value Added Tax system that both expands the tax base, but also includes progressive elements to assist the poor, grow the middle class and ask more from those who can afford it. Former US Representative, Sam Gibbons, laid out the blueprint for such a scheme in the mid-90’s while serving as chairman of the powerful House Ways and Means Committee, and with such groundwork already done, all that remains to be done is to secure agreement of legislators for the betterment of us all.

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One thought on “Time for a modified VAT tax

  1. Pingback: Time for a modified VAT tax | lawgator's Blog

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