Detailed text transcripts for TV channel - FOXNEWS - 20100512:05:24:00
The value added tax is in a real sense a hidden tax. it taxes along the way the transaction of goods even in the midst of the manufacturing process. for many countries they can start with a fairly low value added tax and then raise it without much public scrutiny. then it tends to feed the beast of more government and more spending. we believe a value added tax in europe was a major contributing factor to the fiscal crisis in greece, spain an in other countries and with we need to take it off the table here in the united states. >> greta: i suppose someone would be more inclined to look at wit...