SEARCH BLOG: TAXES and EXCESSIVE SPENDING
Bill has been busy again. Although he doesn't write a blog or post to any that I know of [I have offered him to be a guest writer], he sends me emails about his hot buttons along with plenty of links... and not from obscure sources.
He called shortly after his last email to ask what I thought about "it" and I had to admit that "it" was pretty much under my radar considering the number of other issues I follow on the internet and through various newspapers and magazines. "It" is a National Sales Tax... also called a Value Added Tax which is prevalent in Europe. [They actually are a bit different in implementation, but the net effect to the consumer is a tax on goods and services purchased]
Bill said Nancy Pelosi is up to her armpits in the muck of mixing a VAT for the U.S. Nancy said that she had only one point to make... this of course means that income taxes will not be raised for lower income citizens to cover all of the spending... a promise is a promise.
Our Democratic Party leaders never promised that a sales tax would not be implemented. The numbers Bill had heard ranged from 5% to 17% and all the way through the supply change or just at the retail level. So, the wheels are turning, but the train hasn't started moving... yet.
Below is the content of Bill's email:
Obama Allies Continue Laying VAT Groundwork
*Includes a timeline of remarks.*Watch the second video.
Oct 8, 2009
article/pressRelease/ idUS178190+08-Oct-2009+ PRN20091008
Once Considered Unthinkable, U.S. Sales Tax Gets Fresh Look
Levy Viewed as Way to Reduce Deficits, Fund Health Reform
May 27, 2009
Greenspan: It's Not Easy Being Greenspan...or Any Other Central Banker
Oct 2, 2009
Greenspan: Deficit Means Tax Increase Must Be Considered
Oct 2, 2009
economics/2009/10/02/ greenspan-deficit-means-tax- increase-must-be-considered/
"This Week" Transcript with Former Chairman of the Federal Reserve Alan Greenspan
Oct 4, 2009
ThisWeek/Politics/transcript- alan-greenspan/story?id= 8743279
Greenspan: Budget neutral health care overhaul not enough
Oct 4, 2009
cnn.com/2009/10/04/greenspan- budget-neutral-health-care- overhaul-not-enough/
The Dangers of a Value Added Tax
Oct 14, 2009
SB1000142405274870410720457446 9123940666200.html?mod= googlenews_wsj
You have to wonder what is going on in the minds of the Democratic Party "leaders" at this point. They want to crush the economy with their "crisis" programs and then are planning the most regressive kind of tax possible... a tax on everything at the same rate regardless of income.
Well, there might be a "workaround."