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Obama Economic Adviser Says U.S. Should Consider 'Value Added Tax' (Here it comes!)
Foxnews ^ | 4/7/2010 | Staff

Posted on 04/07/2010 4:37:00 AM PDT by Red in Blue PA

Acknowledging it would be a highly unpopular move, White House economic adviser Paul Volcker said yesterday the United States should consider imposing a "value added tax" similar to those charged in Europe to help get the deficit under control.

A VAT is a national sales tax that, like state and city sales taxes, would be collected by retailers.

Volcker, at the New-York Historical Society, told a panel on the global financial crisis that Congress might also have to consider new taxes on carbon and energy.

(Excerpt) Read more at foxnews.com ...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: 111th; bho44; bhoeconomy; bhofascism; bhosocialism; bhotyranny; capandtax; democrats; economy; globalwarming; liberalfascism; obama; socialism; taxes; taxincreases; tyranny; valueaddedtax; vat; volcker
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To: wita

They are tanking the economy on purpose, you know. For the same reason they are desperately trying to instigate violence from the right.


41 posted on 04/07/2010 5:26:11 AM PDT by thecabal (Destroy Progressivism)
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To: misterrob

This is THE fastest way to create an underground BLACK MARKET.


42 posted on 04/07/2010 5:27:46 AM PDT by PSYCHO-FREEP ( Give me Liberty, or give me an M-24A2!)
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To: Red in Blue PA
Here it all comes, just like an avalanche. Volcker broached the subject, just as the Obama administration wanted and directed. Now the idea is out there to be discussed.

They told us global warming was a fact. That it was settled science. It turns out it was a deliberate lie cooked up by liberals seeking free government grant money abetted by liberal politicians looking to control the masses.

They told us ObamaCare was free health care for everyone. Turns out this too is another liberal lie. VAT taxes, “carbon taxes it was all a ruse fully supported by the willing accomplices in the corrupt MSM. Who knew that the house of liberals is completely built on lies and deception, huh?

43 posted on 04/07/2010 5:28:12 AM PDT by Obadiah (ObamaCare = VA hospitals for everyone)
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To: Red in Blue PA

No place do they mention restricting government spending.


44 posted on 04/07/2010 5:28:43 AM PDT by chainsaw ( 'You know that your landing gear is up and locked when it takes full power to taxi to the terminal)
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To: ripley

You might want to read this: http://www.freerepublic.com/focus/f-chat/2487307/posts

The “social cost of carbon” and by default ...energy. I can’t make this stuff up.


45 posted on 04/07/2010 5:30:19 AM PDT by EBH (Our First Right...."it is the Right of the People to alter or to abolish it,")
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To: DontTreadOnMe2009
"New taxes on everything are coming and still the budget won’t balance, when for every two dollars spent one is borrowed!!!!!!!!!!!!!!!!!!!! "

That, and they will also start spending and creating countless new Socialist Programs to suck up all the "revenue" they have taken from the Publik. There will be no end to it, or reasonable restraint.

46 posted on 04/07/2010 5:31:12 AM PDT by PSYCHO-FREEP ( Give me Liberty, or give me an M-24A2!)
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To: raybbr
In Brazil, a 16 GB USB stick is about $100. Here, it’s about $10. Where? The best price I've seen on a 16G stick is about $35.

$30 with free ship at www.newegg.com

47 posted on 04/07/2010 5:32:18 AM PDT by webschooner (Lincoln Freed the Slaves ... Obama Enslaves the Free)
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To: Red in Blue PA

ENOUGH WITH THE F——— TAXES ALREADY!!!


48 posted on 04/07/2010 5:32:22 AM PDT by RockinRight (Obama Logic: Global Warming causes blizzards, and deficit spending balances budgets.)
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To: chainsaw
No place do they mention restricting government spending.

They think govt spending is the only way out of this mess...

49 posted on 04/07/2010 5:33:52 AM PDT by LearnsFromMistakes (Yes, I am happy to see you. But that IS a gun in my pocket.)
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To: RockinRight

I am quickly approaching the limit at which I can no longer afford to live in the United States.


50 posted on 04/07/2010 5:36:57 AM PDT by EBH (Our First Right...."it is the Right of the People to alter or to abolish it,")
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To: Red in Blue PA

How did we get here?

Rhetorical question for sure.


51 posted on 04/07/2010 5:37:04 AM PDT by wita
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To: timestax
TAXES ARE KILLING US


52 posted on 04/07/2010 5:37:37 AM PDT by timestax (Why do LIBERALS pay NO TAXES$$$? eh)
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To: Red in Blue PA
You ain't seen nothing yet.

Rick Santelli: Oil To $150 By Summer

53 posted on 04/07/2010 5:39:03 AM PDT by blam
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To: Red in Blue PA
...get the deficit under control.

Right. Only a certifiable idiot would even suggest such a laughable premise.

54 posted on 04/07/2010 5:42:07 AM PDT by ProtectOurFreedom
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To: EBH
I am quickly approaching the limit at which I can no longer afford to live in the United States.

Panama is nice, lot of US former military there. A condo overlooking the locks in Panama City is about $125K. Walking distance to the mall, and Hooters.

55 posted on 04/07/2010 5:53:15 AM PDT by DYngbld (I have read the back of the Book and we WIN!!!!)
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To: Red in Blue PA

Po’ folks pay this one. They pay it in a lot larger proportion than people who can control their consumption to avoid taxation.

I predict this will nor cut down on the number of cell phones ipods and big s reen TV’s owned by the welfare classes, but crime may increase.


56 posted on 04/07/2010 5:55:56 AM PDT by silverleaf (Karl Marx was NOT one of America's Founding Fathers)
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To: Red in Blue PA
Actually, there is some good in a VAT. IF (big if), the extra income could help keep income taxes down, I would be all for it.

Why? Because over 50% of Americans don't pay any income taxes. Over 20% get refunds - they get paid to file taxes! They don't care what the government does, because they don't pay for it - the other 50% does. (5% top taxpayers pay 70% of all income taxes!). Free health care - sure; expanded medicare - sure. I read that in the 1980’s about 30% of Americans were receiving some sort of gov’t aid; that number to rise over 60% under this Administration. We simply cannot afford it.

The only way to get out of our ridiculously progressive taxation in this country is to tax people on what they consume - consume more - pay more; consume less - pay less. You control it.

Of course, the fallacy of my argument is that adults run the tax policy in this country and would use the VAT to reduce income taxes. Even more, that they would reduce spending. If the Dem's put in a VAT, the GOP could run on reducing income taxes and cut spending (oh, and repealing Obamacare) and win in a landslide.

57 posted on 04/07/2010 5:59:57 AM PDT by dan on the right
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To: Red in Blue PA
Here is a novel idea: A Constitutional Amendment for a single rate FLAT tax leavied upon the states on a per capita basis (based on population from the preceding census) and could only be adjusted with the approval of 3/4ths of the states. This along with a balanced budget requirement would rein in the federal government. Any exception to the balanced budget would require a formal declaration of a public emergency by the President and a vote of 3/4ths of both houses.

Probably will never get this idea passed though. It would cut off the feeding trough of our elected officials.

58 posted on 04/07/2010 6:02:17 AM PDT by Bobby_Taxpayer (Don't tread on us...or you'll pay the price in the next election.)
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To: Red in Blue PA

So they perpetually fund the Socialism State and make it an institutional way of life in America.


59 posted on 04/07/2010 6:03:04 AM PDT by R0CK3T
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To: Red in Blue PA
STOP SPENDING!!!

If I ran my household the way Washington spends our tax money I would be dirt poor and in debt. Then I would have to apply for free food, help with utilities, tax credits, free health....hey wait a minute.

60 posted on 04/07/2010 6:10:20 AM PDT by ladyvet (WOLVERINES!!!!!)
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