Dr. Randall Holcombe of the Mercatus Center: VAT Too Costly for U.S.

There has been much discussion among policymakers and the media about the possibility of a value added tax, or VAT, in the United States -- either to help reduce the growing federal budget deficit or to offset other tax cuts. This week's podcast guest is Randall Holcombe, Ph.D., who has authored "The Value Added Tax: Too Costly for the United States," for the Mercatus Center at George...