Tuesday, May 18, 2010
The American Spectator : VAT's Next?
The American Spectator : VAT's Next?:
A European-style value-added tax, or VAT, seems to be heading nowhere fast, notwithstanding Delphic pronouncements by Obama administration officials, including the President himself, which seem to keep it open as a real possibility.
The U.S. Senate voted, overwhelmingly (85-13), for a resolution offered by John McCain (R-AZ) which stated that 'It is the sense of the Senate that the Value Added Tax is a massive tax increase that will cripple families on fixed income and only further push back America's economic recovery.'"
A European-style value-added tax, or VAT, seems to be heading nowhere fast, notwithstanding Delphic pronouncements by Obama administration officials, including the President himself, which seem to keep it open as a real possibility.
The U.S. Senate voted, overwhelmingly (85-13), for a resolution offered by John McCain (R-AZ) which stated that 'It is the sense of the Senate that the Value Added Tax is a massive tax increase that will cripple families on fixed income and only further push back America's economic recovery.'"
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