Value Added Tax
2010-10-19T08:44:44-04:00https://images.c-span.org/Files/ee0/296083-04-m.jpgRachelle Bernstein talked about the results of a recent National Retail Federation study, and she responded to telephone calls and electronic communications. The study analyzed the economic effects of the imposition of a value added tax (VAT) to reduce projected federal deficits. The study concluded that a VAT would result in the loss of 850,000 jobs in the first year, reduce gross domestic product for three years, and bring a permanent drop in retail spending totaling $2.5 trillion over the first 10 years.
C-SPAN Radio’s Nancy Calo read news headlines at the end of the program.
C-SPAN Radio’s Nancy Calo read news headlines at the end of the program.
Rachelle Bernstein talked about the results of a recent National Retail Federation study, and she responded to telephone calls and electronic… read more
Rachelle Bernstein talked about the results of a recent National Retail Federation study, and she responded to telephone calls and electronic communications. The study analyzed the economic effects of the imposition of a value added tax (VAT) to reduce projected federal deficits. The study concluded that a VAT would result in the loss of 850,000 jobs in the first year, reduce gross domestic product for three years, and bring a permanent drop in retail spending totaling $2.5 trillion over the first 10 years.
C-SPAN Radio’s Nancy Calo read news headlines at the end of the program. close
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