Wednesday, May 27, 2009

Obama's 'No New Tax' Lie Goes National?

Obama's tax pledge now is going national in a regressive form unheard of.

From the Washington Post
Once Considered Unthinkable, U.S. Sales Tax Gets Fresh Look
"Everybody who understands our long-term budget problems understands we're going to need a new source of revenue, and a VAT is an obvious candidate," said Leonard Burman, co-director of the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution, who testified on Capitol Hill this month about his own VAT plan. "It's common to the rest of the world, and we don't have it."

One possibility for new revenue is a combination of large tax cuts, getting the government out of the business of business and cutting the federal bureaucracy dramatically, but nah, that's not the liberal way let alone the way of socialism.

Earlier post:
Obama's 'No New Tax' Lie Moves To Detroit

May 27

The Chrysler Building opened to the public on this day in 1930
The Golden Gate Bridge opened on this date in 1937