Word: buts
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Dates: during 1970-1979
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FOR POLITICIANS, the VAT has one fabulous advantage over a sales tax. It's hidden. Though Long and Ullman both admit that its costs will be passed onto consumers, the VAT will not look like a surcharge on sales. Instead it will be incorporated in the list prices of all...
Not only is the VAT regressive--it is also very complicated. In Europe it has earned a reputation for simplicity only because it replaced a vastly more complex system of business turnover taxes. But in the United States experts predict that the VAT will force businessmen to spend much more...
Unfortunately, Russell Long cannot see beyond regressive taxation as a means to solve America's economic problems. The Louisiana Senator makes no attempt to hide his disdain for equitable taxes. Asked what he thought of the American income tax system, Long replied: "I think it is progressive to the point...
For two periods the penalties and the penalty-killing provided the story. But it was the third period of the overtime, which featured furious skating and many of the year's most ferocious checks, that provided the heart-thumping action and ultimately decided the difference.
Mike Watson did just that moments later, but this time B.U. proved their mettle by tying the game a third and final time on a Paul Fenton goal.