Barrett Is One Of Five Republican Co-Sponsors Of Democrat Bill That Includes-Value-Added Tax. “The idea of a value-added tax (VAT), attacked by national Republicans ever since it was floated by a White House adviser, has some GOP supporters in Congress. Five Republican House members are co-sponsors of a bill by Rep. Bill Pascrell (D-N.J.) that would impose a VAT on imports from countries that use the tax. … The other House Republicans who have co-sponsored Pascrell’s bill are Reps. Gresham Barrett (S.C.), Howard Coble (N.C.), Lynn Westmoreland (Ga.) and Joe Wilson (S.C.).” (Walter Alarkon, “Value-Added Tax Has Some GOP Backers,” The Hill’s “On The Money Blog,” thehill.com, 5/03/10)
BARRETT HIMSELF DENOUNCED THE VALUE-ADDED TAX
Barrett Said VAT Would “Stifle Job Creation.” BARRETT: “I am very concerned about reports that the President is considering implementing a European style value-added tax on Americans. Let me be clear: implementing a VAT tax will not fix our country’s financial woes; it will only place a greater financial burden on our nation’s private sector and stifle job creation during a time of economic hardship.” (Congressman J. Gresham Barrett, Press Release, “Barrett Calls On President To Denounce VAT,” 4/22/10)
Barrett Called VAT A “Massive Tax Increase.” BARRETT: “As a member of the Financial Services Committee, I understand first-hand how important it is to get our nation back on track financially. Instead of looking to European tax codes for solutions, we need to develop free market ideas to address our financial problems while strengthening our economy. I strongly urge the President to denounce his support for this massive tax increase.” (Congressman J. Gresham Barrett, Press Release, “Barrett Calls On President To Denounce VAT,” 4/22/10)
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