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as a way to narrow the deficit. cody willard joins us with more on that and to parse new retail sales numbers. what is that? how does it work and it whether it affect consumers? the consumer won t notice. the fact of the matter is that the vat is a way of collecting taxes through what they call the supply chain where if you are talking about a computer it is all the guys who help make the computer and put all the pieces in it along the way or talking about a home business where someone is writing a news letter like i do and you pay someone to help write and photograph the news letter you have to through every level you going to collect those taxes. anybody that you pay collects taxes and sends that to the government and in the end, the consumer will see the price again with the same old tax on the end. where it would be a new tax is if they actually implement this on a national level. shannon: talk about retail

Retail sales numbersCody willardSupply chainConsumer won tCollecting taxesNews letterHome businessShannon bream live in washingtonThe end