Okay, so an Obama advisor comes out and says that we should pass a VAT in order to reduce the deficit... followed quickly by Presidential Spokesperson Robert Gibbs saying that PresBo is NOT considering a VAT.
See?
http://www.realclearpolitics.com/video/2010/04/19/white_house_obama_is_not_considering_value-added_tax.html
Then Obama opens his mouth and contradicts Gibbs... and White House deputy communications director Jen Psaki said nothing has changed and the White House is NOT considering a VAT.
Here is PresBo in his own words:
http://www.realclearpolitics.com/video/2010/04/21/obama_value-added_tax_a_novel_idea.html
Now, doesn't this sound like he's leaving the door open (i.e. considering) a VAT?
"You know, I know that there's been a lot of talk around town lately about the value added tax. That is something that has worked for some countries. It's something that would be novel for the United States, and before I start saying that this makes sense or that makes sense I want to get a better picture of what our options are."
It certainly sounds like he hasn't ruled it out... so I wish PresBo would get his story straight, pick one position, and stick with it.
You can read an article about this at the following link:
http://news.yahoo.com/s/ap/20100421/ap_on_bi_ge/us_obama_tax;_ylt=Ase7uzGC_M92xhtRdg3C69iyFz4D;_ylu=X3oDMTJkZG5zY2tuBGFzc2V0A2FwLzIwMTAwNDIxL3VzX29iYW1hX3RheARjcG9zAzIEcG9zAzYEc2VjA3luX3RvcF9zdG9yeQRzbGsDb2JhbWFzdWdnZXN0
Thursday, April 22, 2010
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Here's the thing...I suspect that every economic adviser that the President has...has inside information that a dramatic crash is coming if the government doesn't figure a way to get more revenue by the end of 2011. The fact that they are talking about this now...and likely putting a big sell up toward summer to get voters hyped up on this deal.
ReplyDeleteThe offered deal? I'm going to imagine this sweetheart deal where income taxes for everyone making $50k or less are tossed out entirely...and everyone with an income of $50k to $200k are reduced to 18 percent (roughly). The rich dudes are kept at the same level. And then a 8-cent VAT is put into place. Note, 8 cents is the start and it won't stay there more than twelve months...then we advance quickly to 13-cents. The public will jump onto this easily because over half of America will have zero income tax. The bad news is that the middle-class will be hit exceptionally hard by both a income tax and the sales tax.
So imagine every Republican having to take a anti-VAT stance and every Democrat taking a pro-little guy stance. You can see where this leads to.
If we weren't in such a terrible economic situation, and didn't have health care on our back...and then had a simple flat 10-percent income tax...with a 10-cent VAT (locked in for five years)....then we might actually see some good reasons to sign on. Presently....if you make $60k a year...you'd see another $2k a year go to the government in the end. You might as well stay home...forget about vacations....drink tap water...grow everything in your garden....and barter work for 80 pounds of beef a year from a local farmer. Get used to spending almost nothing at the store.