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If Obama gets reelected how big of a VAT tax will he push for? I would think at least 10-12 percent with automatic increases every few years written into the law. Most if not all EU countries have a VAT tax and Obama really likes the EU style of taxation and government.
Actually, it's been the GOP, and Mr. Romney, who have most strongly, and consistently, pushed for a VAT.
Quote:
In a recent interview on these pages, presidential candidate Mitt Romney refused to rule out a value-added tax (VAT). He suggested that this hidden form of a national sales tax—which is embedded in the prices of goods and services during the production process—might be appropriate, particularly as a way of financing other tax cuts.
Republican heavyweights like Mitt Romney, House Budget Committee Director Paul Ryan and Herman Cain have hinted they'd consider looking at implementing a Value-Added Tax, or VAT tax, which levies taxes on goods along the chain of production.
Many economists – and Forbes magazine publisher Steve Forbes – call for a value-added tax (VAT) to simplify our tax system and increase government revenue.
If Obama gets reelected how big of a VAT tax will he push for? I would think at least 10-12 percent with automatic increases every few years written into the law. Most if not all EU countries have a VAT tax and Obama really likes the EU style of taxation and government.
Of course!! The hard-left democrats want to level society a la Iceland, where you don't see any slums but you also don't see any mansions either.
Unfortunately when you seek to eliminate failure you also eliminate the opportunities for the big successes and the big dreams which made this country great.
You are then left with a safe but bland, boring society of underachievers with awful customer service, limited access to consumer goods, limited economic opportunity, and government bureaucracy everywhere.
Take it from a former standard-issue democrat who's eyes were opened after living in France for 5 years.
I think as others have stated that it is more likely that some republicans will push for a VAT as an end around to gain gov. revenue without increasing income tax. I dont like it. Its stupid.
However, I think it is vastly more likely that Obama will start moving to move 401K retirement accounts into government control.
Of course!! The hard-left democrats want to level society a la Iceland, where you don't see any slums but you also don't see any mansions either.
Unfortunately when you seek to eliminate failure you also eliminate the opportunities for the big successes and the big dreams which made this country great.
You are then left with a safe but bland, boring society of underachievers with awful customer service, limited access to consumer goods, limited economic opportunity, and government bureaucracy everywhere.
Take it from a former standard-issue democrat who's eyes were opened after living in France for 5 years.
and plus we would all end up eating rotten whale meat. YUCK!
You don't seriously think the US will quit the income tax do you? That will only happen at gun-point.
Realistically...
Mircea
Quote:
Originally Posted by hotair2
A vat tax is regressive and would hurt the poor and middle class voters disproportionantly. That would be inconsistant with prior Obama policies.
Prove it. Talk is cheap. Any idiot can spew left-wing rhetoric. And for the record, everything Obama has done has hurt the "poor and middle class" so one more thing isn't going to matter.
There's nothing regressive about a VAT.
Challenging...
Mircea
Quote:
Originally Posted by mohawkx
Feds arn't pushing for an internet tax. It's the states. Individual states. Get it? The foundation of the conservative republican party.....states rights.......
States have a right to tax sales originating in their State. States are losing money, and forced to make cuts and lay-offs, and all you people do is whine and snivel about it.
I don't see how the internet magically changes anything. Before the internet, if I called a retail outlet in California and ordered something over the telephone, then I paid California Sales Tax.
How is ordering something over the internet different than ordering over the telephone?
Before long distance telephone service became affordable, people ordered through the mail, and were charged sales tax. How is that different than ordering over the internet or the telephone?
And then there was a time when I could go downtown and they'd send a telex to order something. How is that different?
It isn't. It's all communications/communications network.
You people are silly.
Pointing out the obvious....
Mircea
Quote:
Originally Posted by ATXIronHorse
Of course!! The hard-left democrats want to level society a la Iceland, where you don't see any slums but you also don't see any mansions either.
Uh, it's 317,000 people. In Iceland, you either fish, work for the government, work for the US government or work for someone else. It ain't like you can get rich you know.
If we do get a VAT from a Republican, the income tax would be history; Forbes has supported a flax tax for ages as well as a national sales tax a la several countries in Eastern Europe.
The Dems want to place a VAT on top of the current tax code, which would never pass the House.
Zero. It is not a particularly popular tax here. The president has never suggested a VAT tax, if you have a cite for your proposition, please share.
Obama may not have......but Democrats in Congress have....specifically Nancy Pelosi.
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