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. . . as quoted today by George Will:
Liberals oppose a VAT because it is regressive and conservatives oppose it because it is a money machine, but a VAT might come when liberals realize it is a money machine and conservatives realize it is regressive.
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Do conservatives favor regressive taxes? If so, another reason not to call myself a conservative.
Posted by: Michael Greenspan | July 12, 2009 at 03:02 PM
I had a hunch Summers was smarter than his position as Obama advisor would have one believe.
Posted by: TheBigHenry | July 13, 2009 at 02:10 PM