ABC News reports.

Excerpt:

In a December 24 story in the Wall Street Journal, Romney is described not favoring the idea of “layering a VAT onto the current income tax system. But he adds that, philosophically speaking, a VAT might work as a replacement for some part of the tax code, ‘particularly at the corporate level,’ as Paul Ryan proposed several years ago. What he doesn’t do is rule a VAT out.”

A value added tax, or VAT, is a form of the consumption tax in which the tax is levied based on a product’s price, not including the cost of materials, that originated in and is popular in Europe, imposed by the European Commission, and the governments of France and the UK, among others.

Gingrich’s campaign was not the only one to notice. The American Enterprise Institution‘s James Pethokoukis wrote that “(m)any conservatives/libertarians simply hate, hate, hate the idea of a VAT….They view it as a way to fund a massive expansion of government. I would be surprised if those quotes don’t end up in a 30-second, anti-Romney ad in Iowa or New Hampshire”

Anti-tax crusader Grover Norquist once called the VAT “a European-style sales tax. It’s assessed on the profits generated at every stage of production (raw material, manufacturer, wholesaler, retailer, etc.), so there is constant reporting and payment. As such, it’s an extremely efficient money machine for big government. The VAT is embedded inside the price of a good … As such, people forget they pay it, and European governments have found it too easy to raise the tax repeatedly over time.”

People think that Romney should be the candidate because he “is the most electable”. But is that true?

Seven reasons why Romney’s electability is exaggerated

John Hawkins writing for Townhall.com lists the seven reasons. (H/T Right Wing News)

Reasons 2 and 3:

2) He’s a proven political loser: There’s a reason Mitt Romney has been able to say that he’s “not a career politician.” It’s because he’s not very good at politics. He lost to Ted Kennedy in 1994. Although he did win the governorship of Massachusetts in 2002, he did it without cracking 50% of the vote. Worse yet, he left office as the 48th most popular governor in America and would have lost if he had run again in 2006. Then, to top that off, he failed to capture the GOP nomination in 2008. This time around, despite having almost every advantage over what many people consider to be a weak field of candidates, Romney is still desperately struggling. Choosing Romney as the GOP nominee after running up that sort of track record would be like promoting a first baseman hitting .225 in AAA to the majors.

3) Running weak in the southern states: Barack Obama won North Carolina, Virginia, and Florida in 2008 and you can be sure that he will be targeting all three of those states again. This is a problem for Romney because he would be much less likely than either Gingrich or Perry to carry any of those states. Moderate northern Republicans have consistently performed poorly in the south and Romney won’t be any exception. That was certainly the case in 2008 when both McCain and Huckabee dominated Romney in primaries across the south. Mitt didn’t win a single primary in a southern state and although he finished second in Florida, he wasn’t even competitive in North Carolina or Virginia. Since losing any one of those states could be enough to hand the election to Obama in a close race, Mitt’s weakness there is no small matter.

For my own part, I find it surprising that people who are ostensibly pro-life are willing to appoint a Republican candidate who has no pro-life record. Until he started running for the Presidency, Mitt Romney was 100% pro-abortion. That’s 12 years of abortion advocacy. His record is pro-abortion. Many of the other candidates, especially Santorum and Bachmann, have a pro-life record. Newt has a 98% pro-life voting record. So why are we settling for someone who has a question mark on social issues?