Long-shot 2020 candidate Andrew Yang wants to tax Amazon sales and give that money to Americans [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Long-shot presidential candidate Andrew Yang wants to tax Amazon sales and give that money to Americans Joshua Lott | AFP | Getty Images Entrepreneur and 2020 presidential candidate Andrew Yang speaks during a campaign stop at the train depot on February 1, 2019 in Jefferson, Iowa. Democratic presidential hopeful Andrew Yang doesn't believe his proposed value-added tax, or VAT, on companies in the United States would drive business out of the country, he told MSNBC "There's really no place for them to go," Yang said, noting that "every other advanced economy" already has a VAT that's higher than the one he's proposing. The proposed value-added tax would be a consumption levy placed on products sold in the U.S. Yang claims that because our "economy is now so massive at $20 trillion, a value-added tax at even half the an level generates $800 billion in new revenue." show chapters Democrats should be proposing a VAT, not a wealth tax, says AEI's Pethokoukis 4:51 PM ET Fri, 25 Jan 2019
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