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Old 10-02-2010, 10:27 AM   #11
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Default Re: Christmas present enormous tax increases

A VAT tax isn't favored by liberals. Where did you get that idea? The taxes liberals prefer are progressive income taxes, luxury taxes, death taxes, and higher corporate taxes. It's favored by people who are trying to figure out how to sustain our economy going forward. Neither the Republicans nor Democrats have any serious idea on how to do that. Let's face it, two of the three most recent record-breakers in terms of deficit spending are Republican.

Why a VAT Tax Is Where It's At - BusinessWeek

To be sure, a VAT has never gained much traction in the U.S. Many liberals oppose it because they believe it falls heaviest on the poor and elderly. Many conservatives dislike it because it's a new tax—and an efficient one. "The greater (but often unspoken) fear of many conservatives is that a VAT would be too efficient a revenue-raiser," writes Joel Slemrod, tax economist at the Stephen M. Ross School of Business at the University of Michigan. A number of conservatives worry that an efficient VAT might allow government to get even bigger. Perhaps Grover Norquist, the longtime tax opponent at the conservative lobbying group Americans for Tax Reform, put the opposition best. "VAT," he said, "is French for big government."
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Old 10-02-2010, 10:56 AM   #12
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Default Re: Christmas present enormous tax increases

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Originally Posted by Patsfanin Philly View Post
How did that turn out for him when he ran for re-election?
My point exactly.

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(*I presume you were referring to Bush the Elder and "read my lips")
Indeed. I'm not sure how many people on this forum are old enough to remember, so I added the "I" after Bush.
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Old 10-02-2010, 11:46 AM   #13
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Originally Posted by Patters View Post
A VAT tax isn't favored by liberals. Where did you get that idea? The taxes liberals prefer are progressive income taxes, luxury taxes, death taxes, and higher corporate taxes. It's favored by people who are trying to figure out how to sustain our economy going forward. Neither the Republicans nor Democrats have any serious idea on how to do that. Let's face it, two of the three most recent record-breakers in terms of deficit spending are Republican.

Why a VAT Tax Is Where It's At - BusinessWeek

To be sure, a VAT has never gained much traction in the U.S. Many liberals oppose it because they believe it falls heaviest on the poor and elderly. Many conservatives dislike it because it's a new tax—and an efficient one. "The greater (but often unspoken) fear of many conservatives is that a VAT would be too efficient a revenue-raiser," writes Joel Slemrod, tax economist at the Stephen M. Ross School of Business at the University of Michigan. A number of conservatives worry that an efficient VAT might allow government to get even bigger. Perhaps Grover Norquist, the longtime tax opponent at the conservative lobbying group Americans for Tax Reform, put the opposition best. "VAT," he said, "is French for big government."





Socialist in Europe love it because it is a hidden tax and raises lots of $$$$, you can bet it will be part of the recommendations from thsi panel. Every country in Europe has one.

Just a prediction, if I am wrong feel free to drill me on this.
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Old 10-02-2010, 12:08 PM   #14
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Socialist in Europe love it because it is a hidden tax and raises lots of $$$$, you can bet it will be part of the recommendations from thsi panel. Every country in Europe has one.

Just a prediction, if I am wrong feel free to drill me on this.
But, if it is a recommendation it will have to have bipartisan support. Again, the problem is what do we actually do about our deficits and the reality that our country is expensive to run. We're not going to become Libertarian overnight. In the meantime, we have to pay our bills and maintain our economic credibility. I'd much rather see steeper income taxes than a VAT tax. If you felt we absolutely had to raise taxes (as some people on both sides do), what would you propose?
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Old 10-02-2010, 02:29 PM   #15
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He knitted me this sweater too.

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Old 10-02-2010, 06:11 PM   #16
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But, if it is a recommendation it will have to have bipartisan support. Again, the problem is what do we actually do about our deficits and the reality that our country is expensive to run. We're not going to become Libertarian overnight. In the meantime, we have to pay our bills and maintain our economic credibility. I'd much rather see steeper income taxes than a VAT tax. If you felt we absolutely had to raise taxes (as some people on both sides do), what would you propose?



Obama has promised an up or down vote on the whole package.
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Old 10-02-2010, 07:59 PM   #17
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Default Re: Christmas present enormous tax increases

I noticed the countries at the top of the Strudel's list have also been ranked with highest quality of life. Another strange coincidence, none of the countries with higher standards of living have a bloated, blood-sucking military industrial complex to support. Hmmmm..........
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Old 10-02-2010, 08:24 PM   #18
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