Mrcauser’s Weblog

Just another weblog

This tax is inevitable……..

leave a comment »

One way or another. The gang in charge can’t cut spending so they have to soak us. Therefor we can expect them to soak the rich. After all they then will get the blame and the gang lives happily ever after.

These 13 Senators Need to Be Sent Home for Supporting VAT

As government revenues plummet and spending sky rockets, Washington is looking for all manner of ways to further burden the American people with taxes, including the value added tax, which which is essentially a sales tax on consumption. In A VAT of Taxes for the Middle Class we discussed the problems with the VAT and how it would stifle small businesses and economic growth.

It seems the Senate agrees:

The Senate voted 85-13 Thursday to pass a nonbinding “sense of the Senate” resolution that calls the value-added tax “a massive tax increase that will cripple families on fixed income and only further push back America’s economic recovery.”

The issue came up because White House adviser Paul Volcker told a group in New York last week that taxes might have to be raised to bring budget deficits under control. He added that the value-added tax “was not as toxic an idea” as it had been in the past, according to a report by the Reuters news service.

The White House has distanced itself from the remarks, with officials saying that Volcker was not speaking for the Obama administration


Written by mrcauser

April 20, 2010 at 6:05 pm

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: