Volcker: Taxes likely to rise eventually to tame deficit (healthcare, Obama, politician)

[WillysB]

(Reuters) - The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White House adviser Paul Volcker said on Tuesday.

It's coming...

If at the end of the day we need to raise taxes, we should raise taxes

Got healthcare?

[padcrasher]

Originally Posted by WillysB

It's coming...

Good. I prefer to pay my bills.

[summers73]

VATs hurt the poor and middle class the most. The rich can always find ways to avoid paying them for big ticket items.

[Frank DeForrest]

But Obama said no raising taxes if you make under 250K

[HappyTexan]

Originally Posted by Frank DeForrest

But Obama said no raising taxes if you make under 250K

Well it will be interesting to see how a VAT can get around that restriction.

[kerrymac]

"Destruction is underway"


Funny thing is..everyone seems sooooooooooooo suprised!

[padcrasher]

Originally Posted by Frank DeForrest

But Obama said no raising taxes if you make under 250K

And he's kept that promise.

Only in your paranoid mind is the VAT tax coming.

[WillysB]

Originally Posted by summers73

VATs hurt the poor and middle class the most. The rich can always find ways to avoid paying them for big ticket items.

But... it's soooo europeeeeaaannnnnn ! ! ! !

But Obama said no raising taxes if you make under 250K

So we'll all have government jobs making over 250k... can hardly wait.

Hopey changey

[Frank DeForrest]

Originally Posted by padcrasher

Only in your paranoid mind is the VAT tax coming.

I never said it was comming, but now here you are advocating a VAT.

Originally Posted by padcrasher

Good. I prefer to pay my bills.

You are hoping your idol breaks his promise or are you just that confused?

[harrycrat]

Volcker is the Fool of the King,he just said a joke...

Any politician who supports that...anti-poor measure is finished...