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Obama Economic Adviser Says U.S. Should Consider 'Value Added Tax' (Here it comes!)
Foxnews ^ | 4/7/2010 | Staff

Posted on 04/07/2010 4:37:00 AM PDT by 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.

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


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: 111th; bho44; bhoeconomy; bhofascism; bhosocialism; bhotyranny; capandtax; democrats; economy; globalwarming; liberalfascism; obama; socialism; taxes; taxincreases; tyranny; valueaddedtax; vat; volcker
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To: Paige

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


141 posted on 04/07/2010 12:10:04 PM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: DontTreadOnMe2009

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. =]


142 posted on 04/07/2010 1:32:32 PM PDT by Arthur Wildfire! March (Weakening McCain strengthens our borders, weakens guest worker aka amnesty)
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To: HiTech RedNeck
Better yet, America should slash Federal spending.

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

143 posted on 04/07/2010 3:05:15 PM PDT by La Enchiladita (Depose the Queen: support the conservative congressional candidate(s) of your choice.)
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http://www.freerepublic.com/focus/news/2487952/posts


144 posted on 04/07/2010 5:00:20 PM PDT by SunkenCiv ("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
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To: 2nd Bn, 11th Mar

“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.


145 posted on 04/07/2010 8:58:09 PM PDT by vigilo
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