Obama Planning the Value Added Tax
Published April 7, 2010
We have mentioned this before, and once again this administration is looking for new ways to tax the American people to pay for their socialist spending.
“Acknowledging it would be a highly unpopular move, White House economic adviser Paul Volcker said yesterday the United States should consider imposing a "value added tax" similar to those charged in Europe to help get the deficit under control.
A VAT is a national sales tax that, like state and city sales taxes, would be collected by retailers.”
This is just another step towards the socialist state they want where everyone will have to be dependent on government.
Posted in Barack Obama, Taxes
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