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Obama suggests value-added tax may be an option
breitbart ^ | 4/21/10 | CHARLES BABINGTON

Posted on 04/21/2010 3:00:10 PM PDT by Nachum

WASHINGTON (AP) - President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.

Before deciding what revenue options are best for dealing with the deficit and the economy, Obama said in an interview with CNBC, "I want to get a better picture of what our options are."

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


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: agenda; bho44; bhotaxincrease; democrats; liberalfascism; obama; suggests; tax; taxcheatparty; taxes; valueadded; vat
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To: Mojave
It wouldn't necessarily be a ‘value added’ or VAT tax. They will probably pass a modified ‘sales tax’ which would not be collected in the ‘disadvantaged’ (read black) areas.

They would probably impose it by area code or some other ‘district’ decided by them.

After all, it's only More reparations to even things out.

81 posted on 04/21/2010 6:08:08 PM PDT by dglang
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To: Nachum
VAT= More expensive stuff = Less consumption = Crippling of the economy = Lower standards of living. We will be like the damn socialists in Europe, lower standards of living and always deprived from luxury except of course for the limousine liberal socialist elite ruling class who will enjoy the best life while we the peasants are suffering and counting on the STATE for handouts to survive.

It is time to re-defeat communism.

82 posted on 04/21/2010 6:09:42 PM PDT by jveritas (God bless our brave troops)
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To: Evil Slayer
"THE VAT TAX OR How To Make Bricks Out Of Mud and Build Pharaoh's Cities".....

Achievement

83 posted on 04/21/2010 6:10:08 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: EGPWS

http://www.youtube.com/watch?v=1n03a7cLf0M


84 posted on 04/21/2010 6:13:18 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: GeronL
Cutting spending by 35% should be an option

It would be if liberals used logic.
85 posted on 04/21/2010 6:14:13 PM PDT by divine_moment_of_facts (Give me Liberty.. or I'll get up and get it for myself!)
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To: R0CK3T

How long before Obama declares Himself permanent and elections no longer necessary?


86 posted on 04/21/2010 6:20:35 PM PDT by divine_moment_of_facts (Give me Liberty.. or I'll get up and get it for myself!)
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To: Nachum
5 days ago...

"So I've been a little amused over the last couple of days where people have been having these rallies about taxes. You would think they would be saying thank you."

87 posted on 04/21/2010 6:20:45 PM PDT by FreeReign
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To: Loud Mime

Not as long as there is one person who is not on the government dole.


88 posted on 04/21/2010 6:21:51 PM PDT by Blood of Tyrants (The US will not die with a whimper. It will die with thundering applause from the left.)
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To: WeatherGuy
A true VAT...would not be that way.

BUT, knowing this guy..and his Democrat Socialist ways....he will probably redistribute $$ back to those that he deems "needy".

89 posted on 04/21/2010 6:23:07 PM PDT by Osage Orange (Si vis pacem, para bellum)
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To: onyx

LOL....Punk! Ha!....Oh he is going to do this...he’s using soft talking now to make it look like he’s pondering and thinking this through...Nope..he’s not. It’s all just to get us ready for it softening up the public and unfortunately many will but it...... No doubt it is coming.


90 posted on 04/21/2010 6:27:04 PM PDT by caww
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To: caww

You betcha, he wants to push it through. He’s well on his way to destroying our Republic. November can’t come soon enough.


91 posted on 04/21/2010 6:29:36 PM PDT by onyx (Sarah/Michele 2012)
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To: Evil Slayer
The Great Gazoo has spoken!


92 posted on 04/21/2010 6:29:44 PM PDT by twister881
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To: onyx

Peter Schiff nails it:

http://www.youtube.com/watch?v=v4KfVM5Ed3c&feature=player_embedded


93 posted on 04/21/2010 6:32:56 PM PDT by GlockThe Vote
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To: Nachum
President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table

Fine by me with the following qualifiers:

A constitutional amendment is passed that establishes a VAT and requires that every single cent raised goes to paying off the national debt, paying off - over a period of 15 years and at that time elimiating - all obligations to Social Security, Medicare, Medicade, and whatever new entitlements are in the healthcare bill, and which contains an automatic elimination of the VAT after 15 years and providing that no such similar taxes can be levied nor can the federal government spend more than it takes in for any three year period for any reason other than national defense absent a new constitutional amendment.

In other words - the powers that be have screwed us and we will eventually need to pay. Might as well set up a payment plan now and get the mortgage paid off. At the same time there is absolutely no benefit in giving Congress more of our money until their hands are tied and they can't use for anything other than paying off our debt and closing out programs.

A VAT absent extremely tight restrictions on Congress's spending is nothing more than another way for them to waste our money.

94 posted on 04/21/2010 6:36:10 PM PDT by !1776!
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To: schu

When is the bubble going to burst?


95 posted on 04/21/2010 6:41:49 PM PDT by Shady (The Fairness Doctrine is ANYTHING but fair!!!!)
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To: !1776!

A VAT Tax means that we are DONE!

A VAT tax should result in national strikes of all taxpayers.

FFFFFUUUUUUBBBBOOOOO!!!!!!


96 posted on 04/21/2010 6:42:14 PM PDT by GlockThe Vote
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To: onyx

From ‘The Coming Economic Earthquake’.....

“So when you see an increase in taxes, (other than the soak the rich tax), you know the politicians are desperate.The more visible the tax, such as the value added tax, the more desperate they are for money. When they dip down into the pockets of the low-income groups through taxes on food, gasoline and medicines...the end is nearing.”


97 posted on 04/21/2010 6:43:29 PM PDT by caww
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To: onyx

We will not tolerate any new transfer payments to parasites. If they think the hell that broke loose on Amnesty and the socialized medicine was bad wait until we rally the parasites and remind them that they are going to pay!!! Oh my God. and they are so stupid they don’t file tax returns so the wont get their credits. This is not going to happen. We are sick of this . NO MORE MONEY YOU BASTARD$.


98 posted on 04/21/2010 6:44:30 PM PDT by rogertarp
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To: caww

A VAT Tax means national poverty as it will truly be impossible to ever enjoy any sense of financial security in this country.

I hate obamna and these socialists communists like no other president in my lifetime.


99 posted on 04/21/2010 6:45:38 PM PDT by GlockThe Vote
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To: Nachum

Hey 0bozo, you dumb ass, why don’t you just CUT SPENDING BY 50%? That would do more to revive the economy than anything!


100 posted on 04/21/2010 6:45:43 PM PDT by rcrngroup
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