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NEW Concept for Malls NEWS VAT Is Not The Answer
80 New Plug-ins In Stock To Choose From
PLUG IN AROMA LAMPS! PI81340 PI81866 PI81131
Best Quality GUARANTEED! BE AWARE OF CHEAP IMITATIONS!
L&V Creations is the ORIGINAL DESIGNER of plug in night light aroma lamps. We guarantee the highest quality
product with the highest quality materials. All of our plug in lamps are UL APPROVED for performance and safety!
Read an editorial about our Plug In Night Lights on Wholesale Central!
www.wholesalecentral.com/Night-Lite-Aroma-Lamps.htm
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FRAGRANCE OILS
We Sell Fragrance Oils By The Pound!
Our fragrance oils are great for Potpourri, Sachets, Auto, Lamp Rings, Oil Burners, etc.
INCENSE We Guarantee Your Customer Will Love This Quality, Which Will Help You Develop A Great Customer Base!!
Fax: (305) 430-9708
1-800-660-9081 ® Mastercard ® 18 October 2010
BestQuality On The Market
AS POLITICIANS grapple with the issue of defi cit reduction, some pundits such as The Atlantic Monthly’s Derek Thompson, and former chairman of the Federal Reserve, Paul Volcker, are fl oat- ing the idea of a value added tax, or VAT, to help close the budget shortfall. The National Retail Fed- eration commissioned a study of public opinion on the issue. The results of the research, conducted by polling fi rm, Big Research, in April and released by the NRF in late August, show a clear prefer- ence on the part of consumers to avoid new taxes. Of those polled, 64 percent said a federal value added tax
Cracco Jewelry
of any amount would affect their spending on items such as cars, homes, groceries, and medicines. If the government imposed a VAT of 15 percent and applied it to all purchases, 86 percent said their spending would be affected. Mat- thew Shay, president and CEO of the National Retail Federation, ex- presses strong opinions against a value added tax in a press release accompanying the survey results. “With consumer spending repre- senting two-thirds of the economy, a consumption tax, by VAT or any other name, is not the path to recovery or a prudent way to ad- dress the federal defi cit,” he says. “The defi cit needs to be reduced, but a VAT is not the answer.” How to reduce the defi cit is a
conundrum with which politicians and advocacy groups such as the NRF continue to grapple. The re- search asked respondents how they thought Congress should tackle the defi cit, and only 18 per- cent chose raising or adding taxes as a solution. An overwhelming 82 percent said that the govern- ment should spend less, although the poll did not ask where cuts should be made. According to the results, mer-
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chandise categories most affected by the implementation of a value added tax would include eating out (83 percent), clothing or ac- cessories (80 percent), food and groceries (74 percent), entertain- ment (72 percent), and vacation travel (72 percent). The NRF offers more information and advocacy action items against a value added tax online at
nrf.com/vat. ■
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