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The Coming VAT

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I think we can see how this is going to come about. Here are Obama's comments from an inteview he did on CNBC this week:

In the CNBC interview, Obama said he was waiting for recommendations from a bipartisan fiscal advisory commission on ways to tackle the deficit and other problems.

When asked if he could see a potential VAT in this nation, the president said: "I know that there's been a lot of talk around town lately about the value-added tax. That is something that has worked for some countries. It's something that would be novel for the United States."

"And before, you know, I start saying 'this makes sense or that makes sense,' I want to get a better picture of what our options are," Obama said.


Obviously the "bipartisan fiscal advisory commission" is going to recommend the imposition of a VAT. This will give Obama the political cover he needs.

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  • 7 months later...

Surprise surprise, Obama's "bipartisan" deficit commision has taken up the fight for a VAT. One thing is for certain, if they get a VAT through claiming it is temporary or for deficit reduction, it will be a tax that NEVER goes away.

"Seven months after the Senate knocked down the idea of a value-added tax, the VAT is back on the table -- one of a host of familiar proposals that has been recycled as a proposed answer to the nation's financial problems.

Entitlement cuts, military spending cuts and new taxes such as the VAT are among the back-to-the-future options that members of President Obama's deficit commission have proposed as the 18-member panel meets to try to hash out a final report to the White House and Congress.

In April, the Senate passed a resolution on a 85-13 vote that said such a national sales tax would "cripple families on fixed income and only further push back America's economic recovery."


This tax needs to be fought against just as hard as people opposed Obama-Care. It is another part of this President's plans to fundamentally reshape America in the image of a Euro-style social democracy.

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