A VAT for the Uniteds States: Part of the Solution

By Bill Gale and Ben Harris-The United States faces a large medium-term federal budget deficit and an unsustainable long-term fiscal gap. Left unattended, these shortfalls will hobble and eventually cripple the economy. The only plausible way to close the gap is through a combination of spending cuts and tax increases. This paper discusses why a federal VAT should be part of a constructive solution to the fiscal problem. End of excerpt, view full paper here.

View the entire paper as a PDF.

Donald Marron Testifies Before the House Subcommittee on Select Revenue Measures, Committee on Ways and Means  

America's tax system is needlessly complex, economically harmful, and often unfair. Because of a plethora of temporary tax cuts, it's increasingly unpredictable. And it fails at its most basic task, raising enough money to pay our government's bills. For these reasons, the time has come for fundamental tax reform. Such reform could have far-reaching effects on every participant in the economy, including small businesses. End of excerpt, view full testimony here.

View Donald's full testimony, Tax Policy and Small Business, as a pdf.