SECRET ASSAULT

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Everyone should closely read today’s Washington Post story on the value-added tax, or VAT.

The cat is now out of the bag.

For months I have argued that Team Obama and the Democratic Congress were going to be forced to consider a VAT in order to pay for their extravagant spending.

Now borrowing almost 50 cents on every new dollar spent, the Democrats will at some point begin to deal with the politics of deficit reduction as a way of countering Republican criticisms about deficit expansion.

And the VAT’s part of their answer.

Senate Budget Committee chair Kent Conrad calls the VAT “fundamental tax reform,” and he argues for a VAT plus high-end income-tax hikes.

Now remember, this VAT tax would come on top of existing income, payroll, and business taxes. This is how the European countries and many others do it. And the VAT is a tax imposed more than once: again and again throughout the economic food chain, at all levels of production.

Most of the cumulative total finally ending up inside the consumer pocketbook, of course.

[A very, very bad idea, not only because of its ruineous costs but because, being a federal tax, all but eliminates tax competition by being a tax you can't move to another state to escape. We really don't want this - but as always, silence will be interpreted as consent - so... ]

READ MORE

Then >


"OPPOSE ALL 'VAT' TAXES"


Whitehouse: mailto:president@whitehouse.gov
Senate-Reid: http://reid.senate.gov/contact/index.cfm
House-Pelosi: http://speaker.house.gov/contact/
YOUR Senator: http://www.senate.gov/general/contact_information/senators_cfm.cfm
YOUR Congressman: https://forms.house.gov/wyr/welcome.shtml

or: Speed Message them with your personal distribution list...

and as always, pass it on...

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