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Value-Added Tax as a New Revenue Source (CRS Report for Congress)

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Release Date Revised April 20, 2006
Report Number IB91078
Authors James M. Bickley, Government and Finance Division
Source Agency Congressional Research Service
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Summary:

President George W. Bush has stated that tax reform will be one of his top priorities inthe 109th Congress. Some form of a valueaddedtax (VAT) has been frequently discussed as a full or partial replacement for the U.S. income tax system. In addition, some Members of Congress have expressed interest in the feasibility of using a value-added tax tofinance health care reform.