I’ve mentioned before that the Democrats were laying the groundwork for a European style Value Added Tax or VAT… I wish I could tell you I was wrong but House Speaker Nancy Pelosi confirmed that a VAT tax is “on the table” during an appearance on the Charlie Rose show Monday night: A new value-added […]
Value Added Tax
WSJ: Obama Advisers Set Groundwork to Raise Taxes on Middle Class
You don’t have to be an economist to realize the Obama Administration’s budget numbers don’t add up and that he’s going to have raise taxes on more than just those earning more than $250,000.00 to pay for his agenda. With that in mind it’s not surprising that White House economist Larry Summers and Treasury Secretary […]
Democrats Considering a National Sales Tax?
It looks like the cats out of the bag… With the Federal Government now borrowing nearly 50 cents of every dollar spent it looks like the Obama Administration and Democrats in Congress are considering a national sales tax or “Value Added Tax” (VAT) to pay for their out of control spending: With budget deficits soaring […]