http://www.bloomberg.com/apps/news?pid=20601087&sid=aONrb3LGeEr4Earlier the Drudge Report had a similar headline with 6,500 plus responses from disappointed voters.
Of course he won't use ethics. He's failed every campaign promise and lied to his voters.
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..Obama suggests value-added tax may be an option
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Facebook Twitter Delicious Digg Fark Newsvine Reddit StumbleUpon Technorati Yahoo! Bookmarks .Print .. AP – President Barack Obama waves as he boards Air Force One at Los Angeles International Airport in Los Angeles …
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6,890 Comments on this following article regarding VAT:http://news.yahoo.com/s/ap/20100421/ap_on_bi_ge/us_obama_taxBy CHARLES BABINGTON, Associated Press Writer Charles Babington, Associated Press Writer – Wed Apr 21, 7:14 pm ET
WASHINGTON – President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.
Before deciding what revenue options are best for dealing with the deficit and the economy, Obama said in an interview with CNBC, "I want to get a better picture of what our options are."
After Obama adviser Paul Volcker recently raised the prospect of a value-added tax, or VAT, the Senate voted 85-13 last week for a nonbinding "sense of the Senate" resolution that calls the such a tax "a massive tax increase that will cripple families on fixed income and only further push back America's economic recovery."
For days, White House spokesmen have said the president has not proposed and is not considering a VAT.
"I think I directly answered this the other day by saying that it wasn't something that the president had under consideration," White House press secretary Robert Gibbs told reporters shortly before Obama spoke with CNBC.
After the interview, White House deputy communications director Jen Psaki said nothing has changed and the White House is "not considering" a VAT.
Many European countries impose a VAT, which taxes the value that is added at each stage of production of certain commodities. It could apply, for instance, to raw products delivered to a mill, the mill's production work and so on up the line to the retailer.
In the CNBC interview, Obama said he was waiting for recommendations from a bipartisan fiscal advisory commission on ways to tackle the deficit and other problems.
When asked if he could see a potential VAT in this nation, the president said: "I know that there's been a lot of talk around town lately about the value-added tax. That is something that has worked for some countries. It's something that would be novel for the United States."
"And before, you know, I start saying 'this makes sense or that makes sense,' I want to get a better picture of what our options are," Obama said.
He said his first priority "is to figure out how can we reduce wasteful spending so that, you know, we have a baseline of the core services that we need and the government should provide. And then we decide how do we pay for that."
Volcker has said taxes might have to be raised to slow the deficit's growth. He said a value-added tax "was not as toxic an idea" as it had been in the past.
Since then, some GOP lawmakers and conservative commentators have said the Obama administration is edging toward a VAT.
6,879 Comments.Show: Newest FirstOldest FirstHighest RatedMost Replied ... Post a Comment .Comments 1 - 10 of 6879
FirstPrevNextLast...4645 users liked this comment
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Please sign in to rate this comment down. 190 users disliked this comment.Steve T 20 hours ago Report Abuse How about controlling expendatures instead?Replies (82) ....2661 users liked this comment
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Please sign in to rate this comment down. 324 users disliked this comment.Melissa 20 hours ago Report Abuse They should thank me for not raising taxes, Obama. HAHAHAReplies (53) ....4151 users liked this comment
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Please sign in to rate this comment down. 353 users disliked this comment.Emanuel 20 hours ago Report Abuse as someone coming from europe the VAT tax WILL cripple the american people....im an independent but this admnistration is proving fox news right all the time...VAT tax wow....get ready for price hikes in evvvvveeerythingReplies (67) ....3819 users liked this comment
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Please sign in to rate this comment down. 196 users disliked this comment.Yeru 20 hours ago Report Abuse I've seen VAT taxes...they're ugly...they hurt EVERYONE.Replies (30) ....4211 users liked this comment
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Please sign in to rate this comment down. 619 users disliked this comment.Heff 20 hours ago Report Abuse OMG. Get rid of this joker ASAP.Replies (39) ....2987 users liked this comment
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Please sign in to rate this comment down. 191 users disliked this comment.johnd 20 hours ago Report Abuse How much of the promised five hundred billions of dollars in " waste , fraud and abuse" in Medicare and Medicaide spending can the administration identify it has saved in the last 15 months ? What are the other top ten other wasteful spending cuts it has made during this period ? We're waiting !Replies (47) ....983 users liked this comment
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Please sign in to rate this comment down. 39 users disliked this comment.Jay 20 hours ago Report Abuse Sure, just go ahead and add this onto state and local sales taxes. Here comes bartering!Replies (11) ....1182 users liked this comment
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Please sign in to rate this comment down. 105 users disliked this comment.Sarah K 20 hours ago Report Abuse i was promised no new taxes!!! I am NOT socialist EUROPE...They are drowning damn it...trade the sinking ship for a rubber boat with a hole.????!!.Reduce govt, eliminate Reform social Security, Eliminate the Dept of edu, DEA, EPA, BIA, and Medicare and medicaid and get a damn budget already you jerks! Wake up america..TAKE what you want and PAY FOR IT! Or you can wait and watch them put shackles on our children and grandchildren into the foreseeable future, that's what all the generations before have done.Replies (20) ....101 users liked this comment
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Please sign in to rate this comment down. 880 users disliked this comment.PropellerHead 20 hours ago Report Abuse The people out there advocating VAT taxes as replacement for IRS are all Republicans or neocons. Nobody on the Democrats wants a VAT tax because it is regressive and hurts families. Only the people who want to stop paying big income tax bills want it.
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Please sign in to rate this comment down. 202 users disliked this comment.Dinty 20 hours ago Report Abuse This Marxist puke hasn't a friggin clue about life. He's a millionaire now, thinks his schitt doesn't stink and swaggers thinking he's cool. To me this is just a form of reparations.Replies (30) ....Comments 1 - 10 of 6879
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