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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (21465)	4/7/2010 9:15:45 PM
From: Crimson Ghost	1 Recommendation Read Replies (1) \| Respond to of 50039

Obama Economic Adviser Says U.S. Should Consider 'Value Added Tax' Source: Fox News Acknowledging it would be a highly unpopular move, White House economic adviser Paul Volcker said yesterday the United States should consider imposing a "value added tax" similar to those charged in Europe to help get the deficit under control. A VAT is a national sales tax that, like state and city sales taxes, would be collected by retailers. Volcker, at the New-York Historical Society, told a panel on the global financial crisis that Congress might also have to consider new taxes on carbon and energy. The VAT suggestion was immediately met with outrage by Republicans. "It shouldn't surprise anyone that the Obama White House would advocate a European-style tax to help finance their European-style government health-care plan," said Brian Walsh, a spokesman for the National Republican Senatorial Campaign Committee. Click here for more on this story from the New York Post.