Bend the Revenue Curve – Health Reform Alone Won't End Deficits ( Brookings advocates for VAT )
Anyone who thinks that health-care reform alone is going to close the massive current -- and even larger projected -- U.S. budget deficit is deluded. President Obama has pledged that health-care reform will not make matters worse. But that isn't good enough. There is no way to restore this nation to fiscal health without higher taxes -- for the middle class as well as for the rich. The only question is when. Those increases should be enacted now, phased in gradually after the recovery is well established, and tied to the increased spending that health-care reform will generate. ... So...
Original Article: Forum: News/Activism
Tags: Advocates, Brookings, Budget Deficit, Current, Curve, Fiscal Health, Health Care Reform, Health Reform, Middle Class, Obama, Taxes