Business

U.S. Debt Crisis and Value-Added Tax Proposal

Updated 2026-09-20 17:10 UTC 1 source Negative

Peter J. Tanous argues that the U.S. national debt of $40 trillion can only be addressed through a significant revenue-generating measure like a value-added tax, rather than insufficient spending cuts.

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The Hill
As the U.S. national debt reaches $40 trillion, Peter J. Tanous argues that the massive deficit can only be addressed through a significant revenue-generating measure like a Value-Added Tax rather than through insufficient spending cuts.
2026-09-20 17:00 UTC
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