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GA SR1507
Resolution
Status
Introduced
4/21/2010
Primary Sponsor
Jim Butterworth
Click for details
AI Summary
- Georgia Senate urges the United States Congress not to enact a value added tax (VAT), describing it as a regressive, hidden tax embedded in the price of goods and services that disproportionately burdens middle-class taxpayers who spend more of their income on consumer goods
- Argues the VAT encourages larger government budgets and higher public spending because it can be raised without the public backlash that accompanies increases to more visible taxes like income taxes
- Contends that European countries using the VAT have experienced lackluster economic growth, limited entrepreneurship, and widespread fraud, outcomes contrary to U.S. economic values
- Asserts that adopting a VAT diverts attention from what should be the priority: reducing federal spending and reforming entitlement programs rather than seeking new revenue sources
- Directs the Secretary of the Senate to transmit copies of the resolution to Georgia's congressional delegation, House Speaker Nancy Pelosi, Vice President Joe Biden, and President Barack Obama
Legislative Description
U.S. Congress; urging not to enact a value added tax
Last Action
Senate Read and Referred
4/21/2010
Committee Referrals
Finance4/21/2010
Full Bill Text
No bill text available