April 26, 2010
- A d v e r t i s e m e n t
As President Barack Obama prepares to kick off his National Commission on Fiscal Responsibility and Reform on Tuesday, the administration continues to give mixed messages on whether it supports imposing a European-style Value Added Tax (VAT) on top of all existing taxes to help cover the federal government’s $1-trillion-plus deficit spending.
While the official line from the White House is that the president is not considering a VAT, comments by the president and administration officials seem to leave the door open to the possibility.
“I think the president, I think the administration, has talked about this,” White House Press Secretary Robert Gibbs told CNSNews.com on Friday. “We have a budget that doesn’t raise the VAT tax. It’s not a proposal that we are working on here. It’s not something that’s being contemplated here.”
Also, Ultra 12 is back by popular demand! Get the ultimate source of energy at 40% off now!