Funny that the people whining about this the loudest probably don’t pay ANY federal income tax.
Knowing liberals - it won’t be a “VAT” in place of income tax - it’ll be a VAT PLUS income tax. What was that promise Obama made about not raising taxes on those making less than a certain amount. I’ll bet the New York Times has already forgotten he ever made such a promise...
President Body Odor is stinkin up the joint.
NY has two open Senate seats and there is still no Republican running for either seat? These people vote Dem and they expect the Dems will stop trying to take everything they have?
Are campaign “donations” subject to the VAT?
Damn VATscists.
Do it then cap and trade see how far they can push?
If enacted, this will absolutely kill businesses (with even more massive layoffs) and spending by most everyone will come to a screeching halt. Predictions are for $4.00 a gallon gas by summertime. Combine that with the VAT, amnesty, cap and trade (extremely higher utility bills) and people will be so on-the-edge. or pushed over it.
Keep in mind that the National Retail Sales Tax (NRST) component of the FairTax legislation (HR 25) is a RETAIL only sales tax and is not a VAT.
The FairTax abolishes the IRS tax code (every federal tax, income, cap gains, business profits, everything) in toto and requires repeal of the 16th Amendment within 7 years.
Again the FairTax ‘removes’ all taxes that accumulate business-to-business (B2B) in the production and supply chains and then ‘replaces’ them at the ***retail end*** with an NRST.
So the FairTax is not and cannot ever be a VAT. Keep that in mind as we move forward to repeal the 16th Amendment, we will need the FairTax to fund government.
This will become a larger issue as peoople gradually learn that it is the 16th Amendment by which the courts will reluctantly uphold Obamacare, hence we need to repeal it.
As this issue gets broadcast, do not allow the Left to blur and confuse the distinction between a VAT and the FairTax.
More info that the FAIRTAX IS NOT A VAT is found here (6th caret item from bottom):
http://www.fairtax.org/site/PageServer?pagename=about_faq_answers
We do need new taxes but we dont need a vat or a sales tax. wha twe need is a tax on the people who got us into this mess.We need taxes on news print. FcCC licenses and network agreements with affiliates should be taxed as property. Taxes also on legal profits by lawyers. Taxes on Berkenstocks, tied dyed shirts. Also taxes on entertainement royalties and every other tax we can think of on the people who gave us this mess.
I’m sure DemocRAT congressmen will want to vote on this in the time left before the midterm elecitons.
This will give you all the warm and fuzzy’s.....
Throw them out! Then, Impeach the Punk!
But don’t you see, the tax is being paid by all those rich manufacturers, it is not being directly levied on the individual. Now if those greedy capitalist manufactures, pass on the tax to the consumer it is NOT Obama’s fault!
(Just trying to be ahead of the MSM in their justification of why the VAT won’t violate Obama’s ‘pledge’ not to raise taxes on those earning less than $250K or was it only $200K per year)
Did any of you guys see a turnip truck? I was riding in the back, minding my own business, when we hit a bump, and bam! I was throwed clean off.
Having TWO SYSTEMS of NATIONAL TAXATION allows the skilled politician to whipsaw the public and electorate by lowering one while increasing the other and vice-versa. My personal vote - - - H E Double Hockey Sticks NO!
And what's to stop the government from increasing personal income and corporate taxes once the VAT is in effect? NOTHING! Invariably those tax rates would increase later, so promising to reduce them in return for instituting a VAT is ridiculous on its face.
I am totally against any VAT especially the so-called ‘Fair Tax’ (liberals love it!)
When you tax everything and then give a ‘rebate’ to people who make less than X, all democraps have to do is promise a bigger and bigger cut to people who make less than X or adjust X until they get 51% of the vote.
The ‘rebate’ would be your yearly government paycheck and primary reason for voting yourself a bigger one each year
God expects 10% the government should expect no more
10 across the board- for everyone AND a balanced budget amendment.