obama floats the idea of a vat tax for America

[halogamer1989]

mrstickball said:

halogamer1989 said:
Here's the thing: the VAT will be added and not used as a substitute a la a Fair/Flat tax which I could support. Added taxes in a recession are hindering variables that allow for prolonged and deeper fiscal crisis--a middle class tax hike; higher taxes on the wealthy (capital gains increases, estate (death) tax increases; and increases in retirement age is next, imo.

I love how Obama and the Dem goons on the Hill LOVE to touch third rails in a midterm. In the end, 2012 can't get here sooner.

Who cares about 2012? 2010 is this year, and if things happen the way they look, then it'll be much more difficult to pass insane legislation.

That's what I am counting on.  Still, I doubt Obama will pull a Clinton and triangulate after the GOP takes back the House and picks up 7+ in the Senate this Nov.  (and yes I am predicting this now ;) )

Maybe msb it is just my political analyst mind.

Btw, Romney should announce next Jan.