15 Smart Ways to Cut the Budget

15 Smart Ways to Cut the Budget

Creating an American Value-Added Tax - $1.6 Trillion

Proposes a 5-percent value-added tax on consumption starting in 2017, and offsets regressive impacts through refundable cash payments.

Broader benefits to U.S. economy
Raises revenue in a manner that does not distort saving and investment choices. - Read more

Reuters