Below are some excerpts from an AP article sent to us by a subscriber to ReturnToExcellence.net re the value added tax (VAT) that is one of BO's highest priorities for crippling America. The VAT, as envisioned by BO, is in addition to all of our other income & payroll taxes. Although BO's VAT is a consumption tax it is an add on as opposed to the FairTax which is a replacement for all of our income & payroll taxes - all the difference in the world.
Following the excerpts is the list of the 13 despicable Senators who could not bring themselves to vote against the VAT conceptual resolution mentioned below.
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 (since when has any statist cared about 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 the Senate voted 85-13 last week for a nonbinding "sense of the Senate" resolution that calls such a tax "a massive tax increase that will cripple families on fixed income and only further push back America's economic recovery."
| NAYs ---13 | ||
| Akaka (D-HI) Bingaman (D-NM) Brown (D-OH) Byrd (D-WV) Cardin (D-MD) | Dorgan (D-ND) Kaufman (D-DE) Levin (D-MI) Reed (D-RI) Udall (D-NM) | Voinovich (R-OH) Webb (D-VA) Whitehouse (D-RI) |
| Not Voting - 2 | ||
| Nelson (D-FL) | Warner (D-VA) | |
The VAT would add insult to injury in my view.
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