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Greenspan: A value-added tax (VAT) may be in the U.S.'s future

Will entitlement reform and an increase in existing federal income taxes be enough to close the U.S. budget deficit (pdf)?

If the right conditions line up, perhaps, but former U.S. Federal Reserve Chairman Alan Greenspan suggests that ultimately the pressures on Medicare, Social Security, and Medicaid may be so great that the nation is compelled to add a new revenue source: a value-added tax.

Continue reading Greenspan: A value-added tax (VAT) may be in the U.S.'s future

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