National Sales Tax Coming Soon

The Obama Administration has truly lost there mind when they are thinking about a national sales tax on the American people. President Obama is following the Canadian model of the Goods and Services Tax that is used to pay for there socialized health care system. The White House and there advocates say that there are few options on the table that can generate the revenue the nation will need to advert a fiscal calamity. At the White House earlier this year a group of economist or tax experts pleaded with Treasury Secretary Gienther to consider a Value Added Tax. There is growing awareness of fundamental tax reform Sen. Kent Conrad North Dakota said in a interview. I think a VAT and high income tax have got to be on the table. A Value Added Tax is a transfer of goods and services that ultimately borne by the consumer. This tax would increase the cost of everything from soda to eggs. It is a regressive tax, falling heavily on the poor. But Advocates say that it can be offset by using the proceeds to pay for health care for every American a tangible benefit that would be highly valuable to low income Americans. Liberals dispute the notion. You could pay for it regressively and have people at the bottom better off, maybe. Or you could pay for it progressively and they would come out better off said Bob McIntyre nonprofit Director Of Citizen For Tax Justice, which has a health care financing plan that targets corporation and the rich. The White House official said a VAT is unlikely to be in the mix as a means to pay for health care. The VAT is popular with academics and controversial with policymakers. said Kenneth Bear, spokesman foe White House Budget Director Peter Orszag. Meanwhile, former Federal Reserve Chairman Paul Volcker, chairman of a task force Obama assigned to study tax system has given his tentative support for a VAT. Finally, everybody knows about the long-term budget problems understands that the federal government needs a new source of revenue and the VAT is the number one candidate. President Obama and his minions will have to tax everybody to pay for his new American style socialism. The middle class and poor actually thought that Obama could pay for all his pet projects by just taxing the rich.