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It’s On: CBO Fielding VAT Questions From Congress

By Mary Katharine Ham
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It’s On: CBO Fielding VAT Questions From Congress

White House advisor Paul Volcker made news this week by calling a value-added tax (VAT) “not as toxic an idea” as it’s been in the past for tackling the nation’s deficit problem. Today, Congressional Budget Office Director Douglas Elmendorf confirmed he’s been getting “a lot of questions” about the VAT tax from Congress.

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