Erskine Bowles: “I think a value added tax - I’ve looked at lots of them - ought to be something that’s on the table. Again, I think you’ve got to look at all solutions.”
Alan Simpson: “Flat tax, I’ve heard that talked about - I never thought that would work very well. Value added, anything. Tweaking, raising the social security age - I mean the thing was set up when the average age was 57; that’s why they started at average age 65; now the average lifespan is 80/83. Can’t work.”
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