Perhaps if we were talking about doing away with our current federal system and replacing it with the Fair Tax, but, not, that is not what Los Federales are considering
With budget deficits soaring and President Obama pushing a trillion-dollar-plus expansion of health coverage, some Washington policymakers are taking a fresh look at a money-making idea long considered politically taboo: a national sales tax.
Can’t blame this one on Bush! (Though they’ll try)
Common around the world, including in Europe, such a tax — called a value-added tax, or VAT — has not been seriously considered in the United States. But advocates say few other options can generate the kind of money the nation will need to avert fiscal calamity.
Most nations around the world are the size, if not smaller, then our States, who have their own sales taxes. And quite a bit of that fiscal calamity is being made worse or created by the current Congress and administration. So, now you may have to pay for their malfeasance.
“There is a growing awareness of the need for fundamental tax reform,” Sen. Kent Conrad (D-N.D.) said in an interview. “I think a VAT and a high-end income tax have got to be on the table.”
Before saying that you should read the whole article, I say, the Dems should go for it. Bring it up and out into the open. Many of them, and their liberal interest groups and other elites, seem to think this is a wonderful idea. But, we’ll see how far it goes, and how high the national anger from the people of this country, the ones who would be paying 10 to 25 cents extra per dollar spent.
Of course, what would happen is that purchasing would be minimal. Luxury items? Forget it. That new TV you were thinking of? Nope. Not now. The damage to the economy would be amazing. And virtually every single elected official who favored a VAT would looking for a new job.
