[econjack]

This is a REALLY bad idea. For those who don't know, a VAT tax is levied at any point in the production process where that process adds value to the final product. Milton Friedman pointed out years ago that, for something as simple as a loaf of bread, there are 67 steps in the production process. Can you imagine the administrative morass this kind of tax will entail, let alone the number of new agencies and bureaucrats that will have to be hired? While this fits in with Obozo's Marxists leanings, it should make the rest of us scream at our representatives in Washington: DON'T YOU DARE PASS SUCH A TAX.

[concerned about politics]

something as simple as a loaf of bread, there are 67 steps in the production process

The "poor", or those on food stamps, will still dine well. They won't have to pay for anything. They'll still be referred to as "the poor", but will eat like kings.

[sarge83]

I have great faith that the conservative republicans in the senate will oppose this measure——NOT.

Awaiting the blathering RINO’s to go at a full gallop in support.

[92nina]

Agreed