Hmmm...What's a "VAT"?
Value Added Tax - in other words a national sales tax on everything.
except purchases made by retired people. ; >)
I found it amazing to recently read that about 50% of US households, mostly
those with young kids and lots of tax credit benefits, either owe no federal
income tax or actually are owed money. Ouch!
source: Old Congressional saying
Obama has not proposed any VAT tax. But I thought the Republicans were
all for these taxes, as they don't tax income and are
regressive to the poor.
I thought it was :
When you rob Peter to pay paul it makes Peter sore.
It's tough to do business with a sore Peter.
beekeep
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http://www.newsmax.com/InsideCover/obama-vat-volcker-healthcare/2010/04/07/id/354951
I see nothing here other than an "Advisor" "suggesting" one should be
"considered." Key words in quotes. Quite the jump from there to "OBAMA'S
VAT."
Are you so naive that you think that his "advisor" would go off the reservation
and float the idea without prior approval by Obama?
I