Obama Economic Adviser Says U.S. Should Consider 'Value Added Tax' (Here it comes!)

Foxnews ^ | 4/7/2010 | Staff

[Red in Blue PA]

Acknowledging it would be a highly unpopular move, White House economic adviser Paul Volcker said yesterday the United States should consider imposing a "value added tax" similar to those charged in Europe to help get the deficit under control.

A VAT is a national sales tax that, like state and city sales taxes, would be collected by retailers.

Volcker, at the New-York Historical Society, told a panel on the global financial crisis that Congress might also have to consider new taxes on carbon and energy.

[b4its2late]

With this Hope, I mean Dope, you’ll be lucky if you have and Change to keep….

[Arthur Wildfire! March]

I had heard it from: O Brother Where Art Thou?

I agree — great song, just like the Man of Constant Sorrow. I’m usually a hard rocker, but hey — good is good. =]

[La Enchiladita]

Better yet, America should slash Federal spending.

The only federal spending this REGIME will slash will be Military, Defense, NASA, Pentagon et al.

[SunkenCiv]

http://www.freerepublic.com/focus/news/2487952/posts

[vigilo]

“U.S. citizens should consider tar and feathering Obama Economic Advisor for suggesting a VAT.”

When we became too ‘civilized’ to tar and feather these jokers, we guaranteed their victory.