Obama VAT

Obama suggests value-added tax may be an option.

AP – President Barack Obama waves as he boards Air Force One at Los Angeles International Airport in Los Angeles …

By CHARLES BABINGTON, Associated Press Writer Charles Babington, Associated Press Writer – 16 mins ago

WASHINGTON – 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."

After Obama adviser Paul Volcker recently raised the prospect of a value-added tax, or VAT, the Senate voted 85-13 last week for a nonbinding "sense of the Senate" resolution that calls the such a tax "a massive tax increase that will cripple families on fixed income and only further push back America's economic recovery."
Kliphnote: Just add a tax on the middle class. Obama said he would not do that. Ha,ha

And you believed him. How do you think he will pay for his health care. 

Obama knew this from day one. I knew he was going to do this.

The VAT will only go up.  What will it start at? Ten-15%? On just about everything.

With a few exceptions. 

Some country's have a 20-24% VAT. I bet they will bring it in

over a 5-10 years period. Something like 2% a year until they get the percent they want.

 What do you think that will do to the economy?

If they dropped the income tax it would be fine, but there will be both an income tax and a VAT.

Now add a on Cap & trade tax.

Tax and spend liberals.

Obama wants to be like Europe, high tax and high unemployment and low growth.

I bet he waits until after the 2012 elections.   

PS. I also bet that Obama will NOT pick for the SCOTUS, a white, heterosexual, male.

Purposely not pick one. 

Even if he was the most qualified.