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?
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