Pelosi says new VAT tax is 'on the table' (WWTTFF??)

[Soul Crusher]

Pelosi says new tax is 'on the table' [A new value added tax (VAT).........]
The Hill ^

Posted on Tuesday, October 06, 2009 11:43:42 AM by Sub-Driver

Pelosi says new tax is 'on the table' By Michael O'Brien - 10/06/09 10:59 AM ET

A new value added tax (VAT) is "on the table" to help the U.S. address is fiscal liabilities, House Speaker Nancy Pelosi (D-Calif.) said Monday night.

Pelosi, appearing on PBS's "The Charlie Rose Show" asserted that "it's fair to look at" the VAT as part of an overhaul of the nation's tax code.

"I would say put everything on the table and subject it to the scrutiny that it deserves," Pelosi told Rose when asked if the value-added tax has any appeal to her.

The VAT levies a tax on manufacturers at each stages of production on the amount of value an additional producer adds to a product.

Pelosi argued that the VAT would level the playing field between U.S. and foreign manufacturers, the latter of which do not have pension and healthcare costs included in the price of their goods because their government provide those services, financed by similar taxes.

"They get a tax off of that and they use that money to pay the health care for their own workers," Pelosi said, using the example of auto manufacturers. "So their cars coming into our country don't have a health care component cost."

"Somewhere along the way, a value-added tax plays into this. Of course, we want to take down the health care cost, that's one part of it," the speaker added. "But in the scheme of things, I think it's fair look at a value- added tax as well."

Pelosi said that any new taxes would come after the Congress finishes the healthcare debate currently consuming most lawmakers' times, and that it may come as part of a larger overhaul to the tax code.

The speaker also emphasized that any reworking of the tax code would not result in an increase in taxes on middle-class Americans.

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SHTF is coming soon with this entire communist revolutionary junta. 

 

[Soul Crusher]

Even if you are a liberal dem, anyone with a clue knows that a VAT tax will only make problems far worse.   

[BM OUT]

As you know taxes always create jobs.Amazing that the dumbest idiot in history,a women who has had so much surgery she looks like the Joker,knows how to create jobs.

[kcballer]

As you know taxes always create jobs.Amazing that the dumbest idiot in history,a women who has had so much surgery she looks like the Joker,knows how to create jobs.

Perhaps she's looking to create jobs in the plastic surgery sector. 

[Soul Crusher]

Perhaps she's looking to create jobs in the plastic surgery sector. 

Does she want to go the Joan Rivers route?

[kcballer]

Does she want to go the Joan Rivers route?

Maybe that creepy cat lady look she has the potential.

[GigantorX]

They love the VAT because it isn't something you see on your receipt or whatever. It's a stealth tax, they think people won't notice. But as prices rise for consumers one stands to reason that consumers will purchase less and save more. This isn't exactly what these fucking idiots had in mind.

More taxes=less growth.

More taxes in a severe recession with 10% U.E., declining incomes, cratered home values and cut backs in hours = bigger disaster.

And they can tax all they want but they still won't move an inch on a balanced budget or fiscal sanity. It will just "raise" revenues, which even isn't a guarantee, and our govt. will still not have the confidence of other governments or come close to anything resembling budgetary sustainability. We will still be insolvent.

[shootfighter1]

The sad part is that some people won't know and won't understand.  Thats why people that do need to explain the consequences.

It all boils down to how much government do we want.  Right now we are way upside down with debt.  You either cut spending or raise taxes.  This administration has chosen persue the second route.  Bush punted...as the cost of the Iraq war really wasn't paid.  The f-ck us from both sides.  We need to limit government and limit their spending.  My biggest problem with far left liberals is that they refuse to respect our tax dollars.  They certainly have some noble intentions they are using our money for their ideas, that many of us don't want.