Tags: Barack Obama | Economic- Crisis | Tantaros | VAT | Obama | democrats | taxes

VAT to Follow Obama's Spending Spree

By    |   Friday, 09 Apr 2010 03:55 PM

The Obama Administration is creating a crisis so that they can solve it with a mechanism that will serve as the catalyst for future spending on their massive government programs. And even though our president said he wouldn’t raise taxes on 95 percent of Americans while he was on the campaign trail, get ready for the "VAT" — a move that would raise taxes on everyone.

A new and ugly phrase has recently made its way into the vernacular in this country: the Value Added Tax or VAT. But don’t let the term fool you. The “values” that accompany this legislative fungus are perverse and only “valuable” to the spending-obsessed, socialist liberals who support them.

A VAT is a sales tax imposed on every level of a product's path from production to consumption. It already exists in Europe and many other struggling countries around the world. It’s a sneaky sucker, too, since it’s essentially built in ahead of time and doesn’t show up on a receipt like a sales tax would. If a VAT were in place that iPad you just bought would be $600 instead of $500.

To read more, go here now.

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AndreaTantaros
The Obama Administration is creating a crisis so that they can solve it with a mechanism that will serve as the catalyst for future spending on their massive government programs. And even though our president said he wouldn t raise taxes on 95 percent of Americans while he...
Tantaros,VAT,Obama,democrats,taxes
194
2010-55-09
Friday, 09 Apr 2010 03:55 PM
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