Thursday, October 08, 2009

Economic Scene - Bruce Bartlett’s Argument to Improve His Republican Party - NYTimes.com

Economic Scene - Bruce Bartlett’s Argument to Improve His Republican Party - NYTimes.com: "So Mr. Bartlett advocates a value-added tax — a federal sales tax — which most other rich countries have. Canada has a value-added tax that raises revenue equal to 2 percent of its G.D.P., and its economy has grown faster than this country’s over the last decade. Britain raises 6 percent of its G.D.P. through such a tax and Sweden raises 9 percent, and their economies have grown as fast as the American economy."

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