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Thread: Obama suggests value-added tax may be an option

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    Obama suggests value-added tax may be an option

    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."
    Obama suggests value-added tax may be an option - Yahoo! News

    So much for the "No taxes on middle class" pledge. He'll push it. Mostly because the man has ZERO grasp on how a free market economy works... or he DOES and... well let's assume he's really not like that eh?
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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by MrVicchio View Post
    Obama suggests value-added tax may be an option - Yahoo! News

    So much for the "No taxes on middle class" pledge. He'll push it. Mostly because the man has ZERO grasp on how a free market economy works... or he DOES and... well let's assume he's really not like that eh?
    Maybe your vast economic expertise can tell us what this will do to the economy, then. Our taxes right now are at some of their lowest levels ever.
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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by Deuce View Post
    Maybe your vast economic expertise can tell us what this will do to the economy, then. Our taxes right now are at some of their lowest levels ever.
    As they should be. a VAT would effectively kill off any economic growth and expansion. But then again, as any goodie-two-shoes Liberal, you'd love to see more people on the welfare roles as businesses shutter their doors for good!


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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by Bassman View Post
    As they should be. a VAT would effectively kill off any economic growth and expansion. But then again, as any goodie-two-shoes Liberal, you'd love to see more people on the welfare roles as businesses shutter their doors for good!
    Companies are VAT exempt. Us Europeans have it. We do fine.
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    Re: Obama suggests value-added tax may be an option

    Moderator's Warning:
    Obama suggests value-added tax may be an optionName-calling is not permitted.

    Members should focus on the benefits, drawbacks, feasibility, etc., concerning a possible VAT. In other words, substantive issues. Name-calling and other DP rules violations will be infracted.

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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by donsutherland1 View Post
    Moderator's Warning:
    Obama suggests value-added tax may be an optionName-calling is not permitted.

    Members should focus on the benefits, drawbacks, feasibility, etc., concerning a possible VAT. In other words, substantive issues. Name-calling and other DP rules violations will be infracted.
    Was this one of those test posts, cuz I didn't see anyone calling anyone a name. Or was it edited out....

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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by Ockham View Post
    Was this one of those test posts, cuz I didn't see anyone calling anyone a name. Or was it edited out....

    But then again, as any goodie-two-shoes Liberal, you'd love to see more people on the welfare roles as businesses shutter their doors for good!
    ...
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    Obama suggests value-added tax may be an option

    Obama suggests value-added tax may be an option

    Obama suggests value-added tax may be an option - Yahoo! News



    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."


    But yes, we Tea Party types are paranoid about Obama raising taxes.



    A VAT tax is the worst idea in this already overtaxed nation.
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    Re: Obama suggests value-added tax may be an option

    The proposals for a VAT tax would be a replacement for all or part of income taxes. Not just another tax on top of the current tax code.
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    Re: Obama suggests value-added tax may be an option

    Funny, I didn't see that in the article. Do you have any evidence that's what he meant?




    Also, I find this statement by Obama Laughable:


    He said his first priority "is to figure out how can we reduce wasteful spending so that, you know, we have a baseline of the core services that we need and the government should provide. And then we decide how do we pay for that."

    Let evil swiftly befall those who have wrongly condemned us

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