Monday, October 17, 2005

Back to the carnival

WASHINGTON (Reuters) - A panel appointed by
U.S. President George W. Bush on Tuesday backed
limiting tax breaks for housing and health care,
in hopes of making the tax system simpler,
fairer, and more friendly to economic growth.

The panel also agreed to give further thought to
adding a partial value-added tax -- a sales tax
collected at every stage of production -- to the
existing tax system.[My emphasis]

The shell game continues...

Full report.