SC Governor Candidate Gresham Barrett for a Value Added Tax


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 Sponsored Similar Legislation That Included VAT In 110th Congress. (H.R. 2600, “The Border Tax Equality Act Of 2007,” Introduced: 06/07/07, Congressman Barrett Cosponsored 11/7/2007)

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)

Read More  Gresham Barrett And The Value-Added Tax.

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4 Responses

  1. Rep. Bill Pascrell Jr., D-N.J. (8th CD), issued the following news release:

    Reps. Bill Pascrell, Jr. (D-NJ-08), Walter Jones (R-NC-03), Michael Michaud (D-ME-03) and Duncan Hunter (R-CA-52) today stood with the support of American manufacturers, business leaders, and labor groups to introduce the Border Tax Equity Act. The legislation would strengthen America’s domestic production capability by negating an unfair tax burden that is being levied on American producers and service providers. I didn’t see Gresham’s name

    • He was a sponser though.

  2. /6/2007–Introduced.
    Border Tax Equity Act of 2007 – Requires the United States Trade Representative (USTR) to submit to Congress a report certifying whether or not U.S. objectives to revise World Trade Organization (WTO) rules on border tax treatment of goods and services from countries with indirect tax systems have been met in WTO negotiations. Amends the Internal Revenue Code to: (1) impose a tax on imports of goods and services from any country with an indirect tax system and deposits taxes so collected into a special account; and (2) upon request of a U.S. exporter, grant a rebate to such exporter from such account of indirect taxes paid. Imposes such requirements if the USTR fails to certify to Congress that U.S. objectives have been met.

  3. This bill never became law.

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