<p>CEA Report Compares U.S. Tax Policy With Socialist Policy</p>

CEA Report Compares U.S. Tax Policy With Socialist Policy

U.S. Council of Economic Advisers

In an October report on socialist policies, the Council of Economic Advisers found that U.S. taxation is considerably more progressive than the taxation of Nordic countries because low- and middle-income taxpayers face higher average tax rates in Nordic countries than in the United States and Nordic nations rely more heavily on regressive value-added taxes.

<p>In an October report on socialist policies, the Council of Economic Advisers found that U.S. taxation is considerably more progressive than the taxation of Nordic countries because low- and middle-income taxpayers face higher average tax rates in Nordic countries than in the United States and Nordic nations rely more heavily on regressive value-added taxes.</p>