Bend over, here it comes
04-08-2010, 11:20 AM
#1
Senior Member
Thread Starter
Join Date: Apr 2002
Location: The White House
Posts: 246
Likes: 0
Received 0 Likes
on
0 Posts
Vehicle: 97 Tib - REVISION A
Bend over, here it comes
http://www.reuters.com/article/idUSTRE6355N520100406
QUOTE
Volcker: Taxes likely to rise eventually to tame deficit
NEW YORK
Tue Apr 6, 2010 7:57pm EDT
NEW YORK (Reuters) - The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White House adviser Paul Volcker said on Tuesday.
Volcker, answering a question from the audience at a New York Historical Society event, said the value-added tax "was not as toxic an idea" as it has been in the past and also said a carbon or other energy-related tax may become necessary.
Though he acknowledged that both were still unpopular ideas, he said getting entitlement costs and the U.S. budget deficit under control may require such moves. "If at the end of the day we need to raise taxes, we should raise taxes," he said.
NEW YORK
Tue Apr 6, 2010 7:57pm EDT
NEW YORK (Reuters) - The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White House adviser Paul Volcker said on Tuesday.
Volcker, answering a question from the audience at a New York Historical Society event, said the value-added tax "was not as toxic an idea" as it has been in the past and also said a carbon or other energy-related tax may become necessary.
Though he acknowledged that both were still unpopular ideas, he said getting entitlement costs and the U.S. budget deficit under control may require such moves. "If at the end of the day we need to raise taxes, we should raise taxes," he said.
04-08-2010, 12:06 PM
#2
Super Moderator
Stop voting for War Monger presidents and maybe taxes won't have to keep going up. Obamacare is going to cost far less than just a single year in Iraq.
