A Value-Added Tax Won't Solve the Deficit Crisis | Only FairTax & Constitution can

A Value-Added Tax Won't Solve the Deficit Crisis

by Brian Garst
As Congress prepares to raise the debt ceiling by $1.8 trillion, there are renewed calls from political elites for a value-added tax in America. The New York Times all but campaigned for the idea while touting it as a possible "cure for deficits." But a VAT would do nothing to solve our deficit problem. Rather, it would supply new fuel to big government bureaucrats addicted to spending....full article
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my comment:

Employment is the only method of growing revenue.  VAT will further harm the American Manufacturing.  FairTax will have the effect of creating so many jobs, we will have inflation based on employee income for once.  Not since the Federal Reserve appeared, have we experienced this.  FairTax please.

As to a balanced budget, it is not necessary, not if we would have a Constitutional Budget.  Spending at the federal level would reduce dramatically, taking back all the looted taxes to the States to manage their own affair.  I never could understand how the Federal tax would be more then the State tax.  Today, the equivalent to replace our production tax by a consumption tax is at least 23%.  It should be around 3 to 5 %.  A State with FairTax under the Federal Gov. Constitutional budget would rise, no would remain the same or drop as domestic production would flourish. 

What was the good old days will not be able to stand up to the prosperity if we FairTaxed and all became Federalist=went by the Constitution.

George