Tax Consumption Through a VAT, and Voilà

Soon the Trump administration and congressional leaders will unveil their tax-reform proposal. Reports indicate the proposal will include some reductions in corporate and personal rates and the end of some tax deductions. But true reform is likely to be stymied by the usual interests, by those who see the tax code primarily as a way…

Democrats target Trump on trade

WILKES-BARRE, Pa. — Democrats facing reelection next year in states President Trump won are seizing on trade at this early stage as a crucial issue and a Republican vulnerability. [Robert Costa | September 2, 2017 | The Washington Post]  But rather than jeer Trump’s protectionist positions, Democrats are echoing them and amplifying them, arguing that Trump…

“Bring Me Some Tariffs” New Trade Policies Offer Growth Boost—and Scare Economic Traditionalists

By Jeff Ferry, CPA Research Director As President Trump talks more openly about aggressive action on the trade front to support the US economy, traditional economists and commentators, especially many on Wall Street, are raising the volume on a scare campaign, aimed at suggesting all sorts of imaginary negative consequences.  They fail to recognize that…