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Left Continues to Telegraph VAT Strategy

From Ryan Ellis on Tuesday, June 30, 2009 5:13 PM
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You can't say they didn't warn us.  The latest indication that a value-added tax (VAT) is on the table comes in today's Wall Street Journal by former Clinton Administration Deputy Treasury Secretary Roger Altman:

We all know the recent and bitter history of tax struggles in Washington, let alone Mr. Obama's pledge to exempt those earning less than $250,000 from higher income taxes. This suggests that, possibly next year, Congress will seriously consider a value-added tax (VAT). A bipartisan deficit reduction commission, structured like the one on Social Security headed by Alan Greenspan in 1982, may be necessary to create sufficient support for a VAT or other new taxes.

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Comments

The Value-Added-Tax is such a misnomer...there is nothing value nor added. The Value is ours and the money is Added to the Federal coffers. It is just another way to rip some more money out of hard-working Americans. And we have seen the VAT system work so well in Europe....Not! What is it with Obama that he reveres European systems [like socialism] so much? What part of Europe? Is it the part whose butt we saved or the part whose butt we kicked that Obama loves so much?
>> Barry Schlech Wednesday, July 1, 2009 9:37 AM

Whats new. Vote them out Now! Take back America
>> Tom Mix Wednesday, July 1, 2009 11:32 AM

Look at the European model, once the VAT is in place, it ONLY goes up. Worse yet, so do other taxes. A VAT doesn't replace other taxes. It joins them.
>> Conservative Tom Wednesday, July 1, 2009 12:16 PM

I think your group should keep talking about this issue, it seems to be getting real traction by many conservatives who appear on MSM outlets and it is important that the idea of a VAT is "nipped in the bud" so-to-speak, the consequences could be dire.
>> BillO WA Wednesday, July 1, 2009 3:50 PM

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