September 28, 2009
Bad Tweet
Well Bad news, good news, but
@JimPethokoukis: Just talked to VERY smart insider: 1) VAT trial balloon for real; 2) HC is in very bad shape
I'm not weeping for #2, but the current Dem majority could push through a VAT and europe-ize our economy quickly.
JimmyP on The Trial Balloon
Obama Administration Posted by John Kranz at September 28, 2009 3:27 PM
In the VAT silver lining department:
1. VAT would be the biggest electoral mistake sinc "Read my lips."
2. Consumption taxes make everyone pay the same rate and (hopefully) would make the class warfare crowd sensitive to tax-and-spend proposals.
The Refugees new blog handle: "Pollyanna"
Posted by: Boulder Refugee at September 28, 2009 5:05 PM@anna: I love consumption taxes, but he VAT is not. The amorphous "value add" is dictated by government and cleverly shielded from the customers who pay it. Where enacted, they are loved by governments because they are easily raised without direct vision of the consequences.
Plus, this is the Fair Taxers nightmare in that the income tax will stick around -- this is on top of current revenue models. E. Vil.
Posted by: jk at September 28, 2009 5:24 PM | What do you think? [2]