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Obama’s Debt Commission Will Consider a Value-Added Tax
cns news ^ | 4/26/10 | Susan Jones, Senior Editor

Posted on 04/26/2010 2:39:23 PM PDT by Nachum

(CNSNews.com) – When President Obama asked former Sen. Alan Simpson (R-Wyo.) and Democrat Erskine Bowles to chair his debt commission in February, he told them to consider any and all ways to reduce the federal deficit – including new taxes, apparently.

Bowles, a former chief of staff in the Clinton White House, told Fox News Sunday that “the president looked Senator Simpson and me in the eye and he said, ‘Everything is on the table.’ So we are going to look at every single way to right this fiscal ship,” Bowles said. That includes cutting “sacred cows” and raising revenue, he added.

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


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: commission; debt; tax; valueadded
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1 posted on 04/26/2010 2:39:23 PM PDT by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping


2 posted on 04/26/2010 2:39:43 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

Hope they’re considering what their next job will be.


3 posted on 04/26/2010 2:41:54 PM PDT by Da Coyote
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To: Nachum

The only sacred cows cut will be wholesome programs, and every tax imaginable will be implemented to further the leftist takeover of the United States.

There, that wasn’t so hard to define.


4 posted on 04/26/2010 2:42:05 PM PDT by DoughtyOne (Be still & kneel before the know-nothing Omnipotent One, Il Douche' Jr., may fleas be upon him.)
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To: Nachum

If gov’t could just find a way to get enough of our money, they could solve all our problems.


5 posted on 04/26/2010 2:42:40 PM PDT by umgud (Obama is a failed experiment.)
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To: Nachum

Every article always has “Simpson (R)” in its first sentence. The idiot gave them dems the “cover” they wanted.


6 posted on 04/26/2010 2:42:44 PM PDT by icwhatudo ("laws requiring compulsory abortion could be sustained under the existing Constitution"Obama Adviser)
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To: Nachum

How on earth could ANYBODY consider raising taxes at this point? Truly, liberalism is a mental disease.


7 posted on 04/26/2010 2:42:56 PM PDT by upchuck (Get the Moslem rookie, and his Wookie, out of the White House!)
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To: upchuck

“How on earth could ANYBODY consider raising taxes at this point? Truly, liberalism is a mental disease.”

Yep.


8 posted on 04/26/2010 2:43:47 PM PDT by jessduntno ("If you want security, go to prison, you're fed, clothed, given medical. But...there's no freedom.")
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping


9 posted on 04/26/2010 2:44:21 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

Yes he made it clear that even “Mothers milk” would be cut.He also said HEALTH CARE is on the table. RATIONING and DEATH PANELS. REALITY in SIMPSONs WORLD. The msm luvs him because he says cute things like crap and other such quaint terminology.

Simpson is a LOOOOONNNNGGG time hater of Social Security.
Heard some congress critter talking about the VAT and cutting Social Security.

Get ready everyone especially people that have been paying high SS Taxes all your lives. NOT GONNA BE THERE.


10 posted on 04/26/2010 2:46:36 PM PDT by Marty62 (marty60)
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To: Nachum

We’ve studied this how many times. Guess government can’t get the answer it wants. So another try, maybe this will be the lucky one.


11 posted on 04/26/2010 2:51:02 PM PDT by K-oneTexas (I'm not a judge and there ain't enough of me to be a jury. (Zell Miller, A National Party No More))
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To: icwhatudo

Probably because they will give rebates to their base, which will ensure further kool-aid-drinking support. It’s the only way it can work for re-election, at least until elections are no longer required.


12 posted on 04/26/2010 2:51:39 PM PDT by skr (May God confound the enemy)
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To: Nachum

They will not recommend cutting entitlements.


13 posted on 04/26/2010 2:53:41 PM PDT by GeronL (http://libertyfic.proboards.com << Get your science fiction and fiction test marketed)
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To: Nachum

I still think a serious coordinated tax revolt should be considered! When these asshats are through you won’t have anything anyway! what do we have to lose! Personally I’m goin’ mobile!!


14 posted on 04/26/2010 2:59:52 PM PDT by timetostand (Ya say ya wanna revolution -- OK!)
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To: Nachum

“Will consider...” That is the whole point of the commission.


15 posted on 04/26/2010 3:01:11 PM PDT by CIB-173RDABN
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To: Nachum

And WHO is supposed to COLLECT this tax? Once again, the small business owner. More crap to deal with and another good reason to deal only in cash or gold or silver. Not sure about cash. To hell with taking any credit card. This is good business?


16 posted on 04/26/2010 3:03:23 PM PDT by hkp123
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To: Nachum

Yeah...well...we’re considering VOTING THEM ALL OUT!


17 posted on 04/26/2010 3:07:14 PM PDT by goodnesswins (The PLANTATION Party is at it again (the DEMS) ....trying to make slaves of everyone)
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To: Nachum
Let me be clear, too. I have 2 cents left. You want it and will take it by taxation or regulation if I can't outmaneuver your efforts.
18 posted on 04/26/2010 3:09:39 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: Nachum

The notion that Obama’s budget increases the debt so much and yet he forms this “commission” is stunningly vile. It is a fiscal version of Bill Clinton going to the sink after a Monica - so repulsive as to make the vomit rise.


19 posted on 04/26/2010 3:28:47 PM PDT by 2nd Bn, 11th Mar (The "P" in democrat stands for patriotism)
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To: Nachum

Putting on my Alinsky hat, I predict that any proposed tax increase would be accompanied by an increase in the income tax giveaXXX refund for indigXXX low-income taxpayers. Once the taxes are increased, it will of course start another cycle of Congressional spending on pork.


20 posted on 04/26/2010 3:33:59 PM PDT by SteveH (First they ignore you. Then they laugh at you. Then they fight you. Then you win.)
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