Federal vat could be used to reduce the long-term fiscal gap

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In “A Value-Added Tax for the United States: Part of the Solution ,” Gale and Harris suggest that a 10 percent federal VAT could be used to reduce the long-term fiscal gap. a. What do they suggest that states do with their retail sales taxes? b. How can Canada’s experience with the implementation of a VAT in 1991 serve as a guide?

Reference no: EM131380664

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