In today's Financial Times, Clive Crook argues bluntly that Obama's call for "shared sacrifice" means -- must mean -- new taxes. He proposes a 4-point fiscal reform program for the U.S: Here is what needs to be done, starting in 2011, but to be announced and enacted as soon as possible. First, raise the retirement age. Second, phase out income tax relief on new mortgage loans. Third, introduce a carbon tax. Fourth, introduce a national value added tax, tied to healthcare reform.
Gates the knife?
Gates the knife?
Gates the knife?
In today's Financial Times, Clive Crook argues bluntly that Obama's call for "shared sacrifice" means -- must mean -- new taxes. He proposes a 4-point fiscal reform program for the U.S: Here is what needs to be done, starting in 2011, but to be announced and enacted as soon as possible. First, raise the retirement age. Second, phase out income tax relief on new mortgage loans. Third, introduce a carbon tax. Fourth, introduce a national value added tax, tied to healthcare reform.