A VAT Watch Update: The tax panel chaired by former Fed Chairman Paul Volker could release its report in the next few weeks, according to the Wall Street Journal's Washington Wire blog. While Volker has mentioned a VAT in the past, the Journal reports there is some uncertainty about whether the panel will include a VAT in its report or not: "It's unclear at this point whether the PERAB panel's report will focus on a VAT or even mention it. Some people close to the situation believe it will, but others say it won't."
VAT Watch will keep you aprised of any breaking developments.