Reject the Value-Added Tax, Rein in Spending Instead

The Washington Post today ran an article on the possibility of lawmakers enacting a value-added tax (VAT) to pay for soaring government spending. A VAT is basically a national sales tax, and the possible 25 percent tax rate floated in the article would raise the cost of virtually all goods and services by 25 percent. It would devastate families and businesses, kill jobs, and hammer the economy.