Posted on 04/21/2010 3:00:10 PM PDT by Nachum
The best suggestions are all in the Constitution. Starting with that in mind, one could make up quite a list.
VAT is the most toxic tax there is. Taxation at every step of production is not only abusive, but in the end it will spur even more purchasing of foreign made products.
Obama doesn’t even have the class to end this nation quick. He wants it to suffer a slow ugly painful death.
I think I remember that Europe does not tax exports, only domestically sold and produced items. This lowers consumption and would not hurt the export industry. But like you say, what about imports? Good question.
In any case democrats are not seriously considering this VAT now. Their plan is to wait till crushing debt kills economy for public opinion to change. Meanwhile Obama will go into 2012 saying he tried to fix deficits but republicans opposed a plan to fix it (the debt commission) . That is my guess anyhow.
You disagree that liberals don’t constantly think about how to raise taxes!!???!! How is the fact that libs have planned for vat or other taxes inconsistent with the idea that they’re always scheming to raise taxes?
Before deciding what revenue options are best for dealing with the deficit and the economy, Obama......should not have proposed a buster budget in the first place, then piled on more and more, and continue to in the form of more taxes and cap-and-tax. Nice that the partisan media shills continue to give him a forum. Thanks Nachum.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.