Pelosi says National Sales Tax on the agenda.

Discussion in 'Politics' started by oreo, Oct 9, 2009.

  1. oreo
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    oreo Gold Member Supporting Member

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    Candor about taxes is rare in Washington, so when House Speaker Nancy Pelosi admits that Democrats may have to impose a huge new tax on the middle class to fund their spending ambitions, believe her.

    Speaking with PBS's Charlie Rose on Monday, Mrs. Pelosi mused publicly about the rising possibility of enacting a value-added tax, or VAT, as part of broader tax reform. "Somewhere along the way, a value-added tax plays into this," she said. "Of course, we want to take down the health-care cost, that's one part of it. But in the scheme of things, I think it's fair to look at a value-added tax as well."

    The allure of a VAT for politicians is that it applies to every level of production or service, rakes in piles of money, and is largely hidden from those who ultimately pay it—namely, consumers. With a $9 trillion 10-year budget deficit, $4 trillion in spending in fiscal 2010 alone, and a $1 trillion (at a minimum) health-care entitlement in the wings, Mrs. Pelosi knows that not even the revenue from the expiration of the lower Bush tax rates in 2011 will cover the bills. Nearly every European country that has passed national health care has also eventually imposed a VAT, and it's foolish to think the U.S. will be different.

    Mrs. Pelosi is the second prominent Democrat to call for a VAT in recent weeks. John Podesta, an adviser to President Obama and president of the very liberal Center for American Progress, called in September for a "small and more progressive" VAT. Mrs. Pelosi and Mr. Podesta argue a new tax is necessary to address the nation's exploding financial liabilities, as if those liabilities exploded on their own. Of course, VATs always start "small" and get bigger. The bills for the Democratic spending blowout are coming due even sooner than advertised, and the middle class will pay, whatever Mr. Obama's campaign promises.

    http://online.wsj.com/article/SB10001424052748703298004574457512007010416.html

    $obama-speech.jpg


    "What the heck"---:lol::lol: What happened to the PROMISE that anyone making less than 250 K per year would not see their taxes raised by one single dime? So they're going to add a huge tax increase--& HIDE it from us--

    The irony: The generation who will pay the most for this national sales tax will be the youngsters of this country that overwhelmingly voted for Obama. They will be out buying washers/dryers/T.V's & other large appliances- & paying not only state sales taxes but a national sales tax too.--:cuckoo::cuckoo:

    How's all that hopey & changey working for ya?
     
    Last edited: Oct 9, 2009
  2. PatekPhilippe
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    PatekPhilippe Senior Member

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    "Government always finds a need for whatever money it gets." R. Reagan
     
  3. Xenophon
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    Xenophon Gone and forgotten

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    I saw the clip, she wants a VAT tax.

    For those that don't understand, that means at least a 7% sales tax ON TOP of any sales taxes you already have.

    This will DESTROY the little guy, so go ahead and defend these Democrat morons, its your funeral too.
     
  4. oreo
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    oreo Gold Member Supporting Member

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    Californians already pay a 10% state sales tax. Now add on an additional HIDDEN 5 to 7% for a national sales tax & they will be paying 15 to 17% in sales taxes on the goods they buy--:lol::lol:

    Another reason you never let LIBERALS LEAD. The one thing that never comes to the forefront of their inempt brains is to cut spending or the size of government. It's always -spend & tax.

    "The problem with socialism is that government eventually runs out of other peoples money to spend" Margaret Thatcher
     
    Last edited: Oct 9, 2009
  5. Xenophon
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    Xenophon Gone and forgotten

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    People don't understand how this will effect them.

    They should have realized when Barry said Obamacare would be 'deficiet neutral' and be paid for from 'other sources of revenue' they meant massive tax hikes.
     
  6. Modbert
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    Modbert Daydream Believer Supporting Member

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    Pelosi is an idiot, not a Liberal.
     
  7. Modbert
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    Modbert Daydream Believer Supporting Member

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    Might want to look at all those tax increases under Reagan. :eusa_eh:
     
  8. PatekPhilippe
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    PatekPhilippe Senior Member

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    might want to look at who controlled the House of Rep's under Reagan.
     
  9. oreo
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    oreo Gold Member Supporting Member

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    Might want to show some FACTS on that statement--:lol::lol::lol:

    $lipstuck-pig-sb0206d.jpg
     
  10. Modbert
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    Modbert Daydream Believer Supporting Member

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    Republicans had control of the senate until the 1987 congress and still had a Republican as President. Never mind the fact that Reagan tried to justify the tax raises. Even if it was all Democrats, no reason for him to be going out and trying to justify the raises in taxation.

    "Reagan's Liberal Legacy" by Joshua Green

     

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