Daniels Threatens to Repeat Mistake with VAT

Indiana Governor and potential 2012 presidential candidate, Mitch Daniels, suggests potential support for a European-style Value Added Tax which is essentially a wholesaler tax on goods. Daniels seems to forget that his state had to repeal a VAT-like gross receipts tax several years ago because of the harm it did to the state's economy. If Daniels truly has presidential aspirations, he'll need to do a better job of remembering history or his campaign could sink before it leaves shore.

http://mobile.politico.com/story.cfm?id=43648&cat=topnews