Skip to comments.Obama suggests value-added tax may be an option
Posted on 04/21/2010 3:00:10 PM PDT by Nachum
WASHINGTON (AP) - President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.
Before deciding what revenue options are best for dealing with the deficit and the economy, Obama said in an interview with CNBC, "I want to get a better picture of what our options are."
(Excerpt) Read more at breitbart.com ...
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Next they will be talking about tariffs ....
Is there no end to this faction’s desires?
“Obama” is apparently a word that translates into “What I REALLY meant was...” in English.
Most recently in Japan.
Cutting spending by 35% should be an option
< / SNL >
Ten bucks sez only "select" Americans will end up paying...you know, the dwindling number of Americans who actually PAY taxes any more in this country...
“Before deciding what revenue options are best for dealing with the deficit and the economy,”
Gosh, that sounds like “revenue enhancement” already is a done deal. Chris Christie didn’t need to review all his revenue options because he took a completely difference strategic approach to the problem he faced. He is bound and determined to close a massive budget gap entirely through spending cuts rather than trying to soak the taxpayers even more.
Thus, Obama can hem and haw and actual casual about whether he will or won’t endorse a VAT, but his answer to the question suggests he’s not thinking about the deficit problem the way Chris Christie did. This is why we need housecleaning next fall. Bill Clinton boasts about turning around the budget to create a stream of surpluses that would have wiped out our entire deficit. But he never mentions that it was Republican majority in Congress elected in 1994 that held his feet to the fire on spending and forced him into these balanced budgets. It’s pretty clear Obama won’t change his thinking on such matters without a lot of “prodding” by Congress.
Propose a VAT tax. Enact it into law quickly, before November.
It will be the end of Democrats in the House, and cripple them in the Senate.
I like the “drastically reduce the size of the Federal government” option.
Try it, punk. We’re not in the mood.
I wish there was an option to boot this marxist moron out of the WH before he does anymore multi-decade damage to this country.
haha! love it.
The commission will recommend a VAT, and Obie will say that he is acting upon the advice of learned elders.
What will Americans do?
My bet - nothing.
The attitude inside the administration with respect to a VAT is not “if”, it’s just “when.”
how can you have a VAT on ‘some’ people. If it is added at each stage of production, do we have to track each widget produced to know if a ‘wealthy’ person bought it?
This is merely strategic positioning for the bigger battles of 2011...just how BIG will the cuts be to move the budget toward balance.
Then again, maybe, just maybe the dims ARE stupid enough to advocate a tax increase on every single person resident in the USA.
One can hope, right?
How we gonna take care of all them poor people...ya know....the ones that sit around on their ..... till the welfare check arrives.
If it’s a tax, it’s an option for the Dems to enact. They’ll hire a PR firm, change it from value added tax to value added fee and shove it down our throats like everything else this a$$hat administration has done.
cunning idiots...but i can not voice how i really feel about these SOBs!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The "progressives" are working on that. They'll probably settle on some kind of subsidy for lower income persons to compensate for the VAT's "regressive" impact.
O is a sleazebag along with the bankers!SLEAZEBALLS!
Get rid of funny money!
..translation: "I need more radicals to tell me what to say....let me handle one thing at a time, I got all these stops on my Obama tour coming up...so much planning ya know?"
To me it’s a done deal.
How can they pay for all the extra spending - cutting the Pentagon from 600 Bill to a 100 is a non starter.
Volcker is on board, and the creditworthiness of the US may be on the line.
Take a carton of milk - add a penny when the cow is milked, add a penny when the milk is pasteurised, add a penny when it’s packaged.
When it’s transported add a carbon fee, perhaps a couple of pennies.....and when it hits the distribution center, add a penny, and when it hits retail, add a penny.
Less than a dime added per carton of milk.
Who could oppose that? Hehehe.
Remember the soda tax - a penny an ounce, they said.
Nothing short of America's total demise will suffice.
When discussing these issues with democrats whose minds are open, I suggest the nation should follow the Obama "model" of transparency.
Rather than a VAT, a monstrosity to administer, we should adopt a national sales tax, in the 10%-15% range. Rather than Cap and Trade, a gasoline tax in the 25 to 20 cents per gallon range would suffice, I'm told. I go with 30 to 50 cents, myself.
These taxes are necessary if our children and grandchildren are to enjoy the benefits of cradle to grave government supervision of our lives our liberal bretheran desire.
It does get them thinking, even opens ears to alternatives, like maybe we don't need to nationalize health care after all.
Just a suggestion, but these taxes are necessary if the laws on the books today are still on the books five years from now.
How about "Tax Man"
Dems never learn, it’s almost as though they want the economy to fail.
Actually, that would explain a lot.
Not to the thieves in Washington.
The only thing Democrats bring to the table is taking more money from the people who actually pay taxes and with a VAT they just want to rape us all.
Congress has already told the deficit reduction commission that it is not allowed to look at SS cuts. But the fiscal hole in Medicare is 5 times as large. A fair and balanced assessment of the situation would provide him a full range of options, i.e.:
1) a package of adjustments to Medicare eligibility (means testing? higher retirement age?), benefits (change to a defined contribution instead of defined benefit?) and payment reforms (the rest of the market long ago shifted away from open-ended fee-for-service: it’s about time Medicare caught up) that would reduce costs enough to eliminate the deficit;
2) a companion package of revenue increases that could do the same;
3) an “al la carte” menu of cost reductions and revenue increases from which to design whatever mix of cost reductions and revenue increases is viewed as sensible.
My fear is that 1) will be considered a non-starter and that most of the commission’s focus will be on 2), trying to design a package of “acceptable” revenue increases so that cost cutting isn’t even needed.
0bama can KMA. He spends too much and then wants to implement a socialist tax that will never go away and always increase.
Eff off 0bama
won't happen. Look for it to happen in the Lame Duck session before Christmas. They'll have the bill written and the votes counted before anyone knows whats going on.
Of course he does.
Raising Taxes is what Liberal Democrats do.
The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president."
"The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America . Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their president.
Sort of hits the nail on the head.
>.a VAT, a monstrosity to administer
That’s what makes it so appealing.
The tax is “hidden” from the consumer, who will only see the state sales tax on the receipt.
The administration, well, employment will have to increased so VAT consultants can identify the discrete points of a process where value is added to a product.
Now, combine with a VAT aka sales tax on services - legal, medical, financial.......
Or like Monty Python, let’s tax thingie.
How about we CUT GOVERNMENT IN HALF AND CUT TAXES BY 75%?
How about we FIRE all of congress and arrest Obummer for the Usurper he is.
VAT this President Obama.
The stupid party had the house, the senate, and the white house. Spending and stupidity went on unabated. Do you really think replacing the left currently in place with the center left of the stupid party will make a difference once a VAT is in place? Hell, the GOP of late will look on this windfall as just another “resource” to be spent. It’s time to stop digging.
Same old same old ain’t gonna fix it this time. Grass roots conservatives might, hence the lamestream’s primary goal of painting the Tea Party as a group of racist redneck militia.
November’s coming. It could make enough of a difference to save the republic. Will it?
The economy will be complete toast. There will be no coming back.
...and at every stage as the “value” is “added” it means lots and lots of paperwork.
I am figuring whatever has a VAT, I can live without it. There are always other ways ...