Comments on: Obama’s not-so-secret plan to raise taxes

By: Ron

Ron — Thu, 08 Oct 2009 01:33:39 +0000

THAT’S WHY OBAMA KEEPS ON SPENDING. HE WANTS TO CREATE A FISCAL CRISIS TO SAY A VAT TAX IS IMPERATIVE TO SAVE OUR ECONOMY… THIS PRESIDENT IS NOT WHAT WE VOTED FOR!!

By: gregg

gregg — Sun, 04 Oct 2009 13:43:28 +0000

See the CNN news story: 47% will pay no federal income tax!http://money.cnn.com/2009/09/30/pf/t axes/who_pays_taxes/index.htm?cnn=yesI am outraged! I had no idea the problem was this bad. These people are nothing but filthy beggars!!! And, now it’s time to start paying for their health-care. Give me a break. I’d rather be mugged, there’s more dignity in it.We need a new political party in this country, the two we’ve got are nothing but robbing everyone. The republicans are steeling from the middle class and giving to the rich and the democrats are buying votes with our money by allowing this bunch of freeloaders to get a free ride.

By: Sheri

Sheri — Fri, 02 Oct 2009 21:29:41 +0000

Demoncrats don’t ever cut taxes, they raise them. A VAT would be another tax on top of all the taxes we already pay. A VAT won’t cause people to save more money either. It will just tax away more money that people could have saved. The VAT is a tax at every step of the manufacturing process. It’s taxes on top of taxes. By the time the Demoncrats finish raising taxes no one will be buying anything except necessities.

By: David Doney

David Doney — Fri, 02 Oct 2009 20:34:36 +0000

Raising taxes significantly would only get us about one-third of the way there, unfortunately. We must cut Defense in half, restrict the Social Security annual cost of living adjustments to no more than the rate of GDP growth (as progressively as possible), and throw every good reform idea from the left and right at Medicare.Clearly the Bush tax cuts must be allowed to expire in 2011 as scheduled. But more tax hikes should wait for significant reform to the Big 3 programs.Key facts to understand: 1) We cannot outgrow the problem per the GAO; 2) tax cuts increase deficits, debt and interest payments; 3) raising taxes won’t get us there.

By: mobozons

mobozons — Fri, 02 Oct 2009 18:43:25 +0000

an insane loser that needs to be impeached.

By: Yes we cab

Yes we cab — Fri, 02 Oct 2009 18:35:38 +0000

Hope and change. Yes sir. I hope I can keep the little change left in my pocket. But its not looking to good.

By: John V

John V — Fri, 02 Oct 2009 18:23:16 +0000

If we are going to go after a VAT then we might as well do it right and pass the Fair Tax proposal, in its entirety. A national consumption tax that replaces ALL federal taxes and abolishes the 16th ammendment. A VAT on top of the current system would be a disaster!

By: Jasper

Jasper — Fri, 02 Oct 2009 17:43:40 +0000

The answer to the question of whether of not Obama has a “secret” plan to introduce a VAT is: “I certainly hope so!”It’s obvious to anyone who’s read a newspaper over the last ten years that America needs to increase its savings rate over the long term. Shifting the tax code toward consumption is the most efficient way of doing so. Anyway, for the most part those parts of the rich world that have VATS in place have been seeing stronger growth and faster income gains than the US. Over-consuming America’s median household income was slightly negative over the course of the Bush years. Not really a very strong argument in favor of continuing with America’s status quo with regard to fiscal policies.

By: truzak

truzak — Fri, 02 Oct 2009 17:43:12 +0000

What is most remarkable by all these educated economists and political elites is they do not understand (or at least refuse to acknowledge) the most basic of all economic laws: taxes retard the activity being taxed. They also are unable to “connect the dots”.So a VAT that taxes consumption will necessarily slow consumer spending which will necessarily slow the production of goods and services which will necessarily reduce employment opportunites which means higher unemployment.It is so simple, one must wonder – do they really get it and are intentionally trying to ruin the economy, and by extension the country, and bring an end to the American Age?The answer is obvious. The next question is when will the majority of the country see it too?

By: anon

anon — Fri, 02 Oct 2009 16:38:30 +0000

Then why does AP and Reuters jump on conservatives when they call Obama out for lying to the public. You just said it, you guys all know he is lying to our faces, but then you turn around and beat down on anyone who says it.