• humanspiral@lemmy.ca
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    12 days ago

    Trump complains about other nations VAT as a justification for original “reciprocal” tariffs. If US could export any significant manufacturing goods, implementing its own VAT would be a means of taxing consumption while giving exporters a bigger tax break than just manufacturers for domestic consumption.

    If everything else deserves exemptions too, a VAT would be the same, and allow funding for more tax cuts for the rich that Trump says will also save America.