The White House denied on Tuesday that the Trump administration is examining the possibility of raising federal revenue through value-added tax (VAT) or a carbon tax as a part of its tax reform platform. The Washington Post said that administration officials have not finalized plans for tax reform.
A White House spokesperson released a statement today saying, "As we have said many times, the President's team is hearing input from experts on all sides of the tax reform debate as we formulate what will ultimately be the President's plan to enact the first significant tax reform since 1986. As of now, neither a carbon tax nor a VAT are under consideration".
Many countries used the VAT, which is based on consumption. A carbon tax would impose a burden on the emission of so-called greenhouse gases such as carbon-monoxide through the burning of fossil fuels.
U.S. Navy personnel have discovered the remains of an American aviator who was shot down in combat over the Pacific Ocean in 1944. A team aboard USNS ...