House Republicans introduce resolution opposing the VAT

House Republicans introduce resolution opposing the VAT

A value-added tax would damage the economy and hamper job creation, House Republicans said Tuesday.

"Several House leaders along with more than 80 other lawmakers introduced a nonbinding "sense of the House" resolution today opposing a VAT on top of the current tax code. The Senate recently approved a similar resolution.

"A European-style VAT will only further the catastrophic cycle of tax and spend government in Washington," House Ways and Means Committee member Wally Herger (R-Calif.) said in a release today.

Herger, Minority Leader John Boehner (R-Ohio), Republican Whip Eric Cantor (R-Va.) and Republican Conference Chairman Mike Pence (R-Ind.) are responding to several recent comments by the Obama administration that the VAT is still on the table as a potential revenue raiser..." House Republicans introduce resolution opposing the VAT