Political Parties Stance On VAT
The Republican. Democratic overview
Republicans have tended to support the value added tax policy. Their belief is that this nation needs a more consistent way of filtering money for the economy. They recently had a new tax plan proposal that was included in Paul Ryan's "roadmap" scheme. Mitt Romney also stated a few words on this new tax policy. The value added tax would provide an excellent source of revenue that could potentially help this country as it has helped other countries around the world. Europe is a perfect example of how this tax could help maintain inflation at the minimum as well as helping the nation come out of a recession. I propose that we install this new plan into effect as soon as we want to get the economy up and running. As a whole, Republicans seem to have control over this issue and support it all the way, believing it will help the economy.