VAT

President Donald Trump talks to journalists while hosting Prime Minister of Ireland Leo Varadkar in the Oval Office at the White House March 12, 2020 in Washington, DC.

Is Trump Right About the VAT?

European sales in America enjoy a cost reduction, whereas American sales in Europe pay the value added tax. From this perspective, Trump has a point. Donald Trump insists the United...

VAT: This One Kind of Tax Could Help America’s Massive Debt Problem

I don’t know what the US federal debt-to-GDP ratio will be in the year 2050. Probably much higher, I would guess. The Congressional Budget Office’s extended baseline forecast — basically...