Posts Tagged ‘VAT’
Government will spend whatever the tax system will raise (more like double…)
I’ve been reading a bit about Milton Friedman, a Hoover Institution economist – not a politician – who past away in 2006. Conservatives can learn quite a bit from this great man. We need another conservative economic mentor for present-day, and maybe Dan Mitchell is that person?
Read MoreVAT’s my problem?
Actually, the VAT is my problem, leastwise is some of the president’s “yes-men” get their way. “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…
Read MoreBernanke floats trial balloon – eventually must deal with entitlements
The federal government has floated another trial balloon reminding American’s we’ve got some serious obligations to pay out in the next few years. They seem to be softening everyone up for tax increases and entitlement cuts.
Read MoreMore generational theft – White House adviser thinks VAT can work
If you’re all in, you might as well go all the way in. I was personally thinking Cap and Tax and immigration “reform” would be the next big items on the Obama administration menu, but that did not stop Paul Volcker from sending up the value added tax (VAT) trial balloon yesterday.
Read MorePelosi suggests VAT possible – end to employer-based plans
So much for not increasing taxes on any family making more than 200k. Nancy Pelosi (D-Calif.) is putting a value added tax (VAT) – and other taxes – on the table. To be clear, Pelosi is not suggesting replacing the federal income tax with a VAT, but she is strongly suggesting the elimination of all…
Read MoreIs today “float a stupid government idea” day?
Two stories from the news wire today just have me totally baffled. I’m not always thinking “we’re doomed”, but if the Obama administration is considering a national sales tax of 10 percent or more, and has a dork working for him who thinks painting all the roofs in the world white will help stop global…
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