Thursday, April 29, 2010

VAT’s All the Fuss About?

Have you heard about the value-added tax (VAT), a horrible new tariff Americans will soon have to shoulder?

The alarm is sounding on the conservative Web site, in the editorials of The Wall Street Journal, and on the opinion pages of The Washington Post (as well as in the pages of NEWSWEEK): consumers can expect to soon see the feared VAT sneaked into price tags nationwide.

How an unlikely tax became right-wing pundits' latest fascination                                           

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