"The value-added tax has become the designated panacea for massive federal budget deficits. It's touted by think-tank economists and mentioned by congressional leaders. A VAT could, it's said, raise stupendous amounts of money, which, Lord knows, are needed to cover projected deficits. A VAT is likened to a 'national sales tax,' so once in place, most Americans would barely notice it -- just as they barely notice state and local sales taxes. How's that for friendly politics? A VAT would also discourage consumption and encourage saving and investment, making America richer in the future. What's not to like? ... Almost every pro-VAT argument is exaggerated, misleading, incomplete or wrong. The VAT is being merchandised as an almost-painless way to avoid deep spending cuts. The implicit, though often unstated, message is that a VAT could raise so much money it could eliminate future deficits by itself. This reasoning, if embraced, would create staggering tax burdens and exempt us from a debate we desperately need. How big a government do we want -- and what can we afford?" --contributing editor of Newsweek and The Washington Post Robert J. Samuelson
http://bachmann.house.gov/news/email/show.aspx?ID=WKSD4RJDHSZYYTBMU7ZVL7HBPM
IMPEACH OBAMA AND THROW HIM IN JAIL, WITH BIDEN AND THE REST OF THE GANG OF SOCIALIST/PROGRESSIVE/MARXISTS, ETC.
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