Informed Sources: Dec. 13, 1993

The Specter of VAT

WASHINGTON -- Senators Bob Kerrey and John Danforth, co-chairs of the Bipartisan Commission on Entitlement Reform -- the group President Clinton agreed to back in order to win Democrat Kerrey's crucial vote on the budget -- appear set to pick Fred Goldberg, the IRS chief under Bush, as their executive director. Goldberg is an advocate of shifting federal taxes away from income to consumption, as are -- in a general way -- Danforth and Kerrey. This worries Clinton economic advisers. Having been singed already this year by a VAT scheme, they don't want the President to be...

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