What will be the next economic reform gimmick policy to catch on in the U.S.? (user search)
       |           

Welcome, Guest. Please login or register.
Did you miss your activation email?
April 29, 2024, 02:26:44 AM
News: Election Simulator 2.0 Released. Senate/Gubernatorial maps, proportional electoral votes, and more - Read more

  Talk Elections
  General Politics
  Economics (Moderator: Torie)
  What will be the next economic reform gimmick policy to catch on in the U.S.? (search mode)
Pages: [1]
Author Topic: What will be the next economic reform gimmick policy to catch on in the U.S.?  (Read 5601 times)
Skill and Chance
Atlas Icon
*****
Posts: 12,652
« on: December 22, 2020, 03:03:11 PM »

I don't know anybody who thinks VAT is left-of-center except "socialism is when the government levies taxes; the more taxes the government levies, the socialister it is" mouth-breathers (which, to be fair, many Americans are). Taxes on consumption almost inevitably have a regressive effect.

Ah, this takes me back to my early days of following politics, when people called Stephen Harper's VAT cut regressive... and then my provincial NDP raised it. Good times.

I think it's basically a sure thing that the next Republican trifecta will do a VAT and lower income tax rates further to offset it. 
Logged
Skill and Chance
Atlas Icon
*****
Posts: 12,652
« Reply #1 on: December 23, 2020, 01:13:37 PM »

I don't know anybody who thinks VAT is left-of-center except "socialism is when the government levies taxes; the more taxes the government levies, the socialister it is" mouth-breathers (which, to be fair, many Americans are). Taxes on consumption almost inevitably have a regressive effect.

Ah, this takes me back to my early days of following politics, when people called Stephen Harper's VAT cut regressive... and then my provincial NDP raised it. Good times.

I think it's basically a sure thing that the next Republican trifecta will do a VAT and lower income tax rates further to offset it. 

That would be politically very difficult. 

Trump and House Republicans already flirted with it, but the senate majority was too narrow and too traditional to consider it.  That won't be the case for the next Republican president.
Logged
Pages: [1]  
Jump to:  


Login with username, password and session length

Terms of Service - DMCA Agent and Policy - Privacy Policy and Cookies

Powered by SMF 1.1.21 | SMF © 2015, Simple Machines

Page created in 0.019 seconds with 12 queries.