Posts Tagged ‘vat’

Tax Man


Paul Volcker, the former head of the Fed and an economic adviser to the Obama administration, says we should have higher taxes. Since no politicians ever seems willing to cut spending anymore, it makes sense that Obama will pursue a VAT, and other new taxes, to deal with the exploding debt. In addition to Volcker, […]

In Barack Obama’s budget proposal, last year’s highest deficit in history is only expected to be tripled… that is if you believe his incredible projections of three per cent economic growth and don’t include the cost of socialized medicine and a cap and trade policy. Federal tax revenue plunged $138 billion, or 34%, in April […]