How the Value Added Tax Works

The spending pace of President Barack Obama and the 111th Congress simply cannot be sustained. There will either have to be spending cuts or higher taxes. The left prefers higher taxes, including the imposition of a value-added tax (VAT). How would a VAT work. Heritage scholar Curtis Dubay explains
http://blog.heritage.org/2010/12/28/how-the-value-added-tax-works/?utm_source=Newsletter&utm_medium=Email&utm_campaign=Morning%2BBell