Posts Tagged ‘consumption’

The Coming VAT: Poor Americans, Get Ready For GIANT Tax Increase

April 22, 2010

Remember candidate Obama’s ten thousand promises that he would absolutely not under any circumstances raise your taxes so much as one dime:

But let me perfectly clear, because I know you’ll hear the same old claims that rolling back these tax breaks means a massive tax increase on the American people:  if your family earns less than $250,000 a year, you will not see your taxes increased a single dime.  I repeat: not one single dime.”

April fools, you fools.

It turns out this is the same guy who is on tape at least eight times saying all the health care negotiations would all be on C-SPAN – and then he went to closed-door meeting after closed door meeting that resulted in a health care bill that NOBODY knows anything about.  It turns out that this is the same guy who promised he would unite the country in a bipartisan manner – and instead broke that promise and became the most polarizing and divisive president in history.   This is the same guy who said he would NEVER allow health care to pass by the awful partisan reconciliation tactic – and then he did exactly what he promised he wouldn’t do.  This is the same guy who demonized Republican Senate Minority Leader Mitch McConnell for doing what his own chief of staff had just done only the day before.

Yeah, well, that same guy is on the verge of breaking another one of his fundamental promises to the American people on taxes.  And it’s going to be the poor who Obama is going to hose the worst.

JUST LIKE I AND OTHER CONSERVATIVES ASSURED YOU HE WOULD DO BEFORE THE ELECTION.

The VAT (Value Added Tax) is a consumption tax which is both socialist and regressive – in other words, the worst of both worlds.

It will make Obama a liar yet again.  But seriously, what else is new?

White House economic adviser refuses to rule out VAT — six different times in one TV appearance
By: Mark Hemingway
Commentary Staff Writer
04/20/10 3:28 PM EDT

On Sunday, the New York Times reported that the Obama administration’s economic team was kicking the policy tires on a national value added tax (VAT) as a means of dealing with the deficit, among other things. But earlier today, White House press secretary Robert Gibbs said the administration was not considering a VAT.

If Gibbs is telling the truth, then why did White House economic adviser Austan Goolsbee, appearing on MSNBC’s Morning Joe, refuse six different to rule out a VAT? Americans for Tax Reform kept count:

MARK HALPERIN: Will the President ever consider tax reform that will involve a VAT? Would he ever consider it?
(Refusal #1) GOOLSBEE: Look, we are not, the  report — and I’m not sure where it came from cause it’s not anything I saw — was that they were contemplating a VAT, that is not true. We have stood up this bipartisan fiscal commission, which as I understand it is considering a whole bunch of things.
HALPERIN: But would he ever consider..
(Refusal #2) GOOLSBEE: He’s going to consider whatever comes out of that fiscal commission.
HALPERIN: So if they recommend a VAT, he would consider it?
(Refusal #3) GOOLSBEE: I’m not going to get into a linguistic game about it.
HALPERIN: Well it’s not a linguistic game.
(Refusal #4) GOOLSBEE: He’s looking to see what comes out of the fiscal commission. He’s going to look at it.
HALPERIN: We had a President for eight years who said ‘no new taxes, we’re not going to raise taxes’. This President said ‘no taxes on the middle class’. Arguably there are taxes in the healthcare bill that will hit the middle class. So again, a VAT would be a big change in America. Would he consider it, if the commission recommends it,  would he consider it?
(Refusal #5) GOOLSBEE: As you know, the President cut taxes for 95 percent of the workers in the stimulus. Many many billions of dollars. The President is committed to this bipartisan fiscal commission process and he’s going to seriously consider all the things that they put forward and he’s going to look at them. It doesn’t mean he’s supporting a VAT. We haven’t even contemplated a VAT.
HALPERIN: But if they recommend it, it’s not something he’d rule out?
(Refusal #6) GOOLSBEE: I’m not going to get into a hypothetical thing about it. He’s committed to a bipartisan fiscal commission.
It’s safe to say they are considering a VAT, all right.

So Obama officials refuse to dismiss the Obama-pledge-busting value added tax on the poor and middle class.

Surely Obama is against breaking his word?!?!

Nope.  He’s pretty much fine with that.

Obama suggests value-added tax may be an option
Apr 21 05:33 PM US/Eastern
By CHARLES BABINGTON
Associated Press Writer

WASHINGTON (AP) – President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.

Before deciding what revenue options are best for dealing with the deficit and the economy, Obama said in an interview with CNBC, “I want to get a better picture of what our options are.”

After Obama adviser Paul Volcker recently raised the prospect of a value-added tax, or VAT, the Senate voted 85-13 last week for a nonbinding “sense of the Senate” resolution that calls the such a tax “a massive tax increase that will cripple families on fixed income and only further push back America’s economic recovery.”

For days, White House spokesmen have said the president has not proposed and is not considering a VAT.

“I think I directly answered this the other day by saying that it wasn’t something that the president had under consideration,” White House press secretary Robert Gibbs told reporters shortly before Obama spoke with CNBC.

After the interview, White House deputy communications director Jen Psaki said nothing has changed and the White House is “not considering” a VAT.

Many European countries impose a VAT, which taxes the value that is added at each stage of production of certain commodities.

When CNBC asked Obama whether he could see a potential VAT in this nation, the president said: “I know that there’s been a lot of talk around town lately about the value-added tax. That is something that has worked for some countries. It’s something that would be novel for the United States.”

“And before, you know, I start saying ‘this makes sense or that makes sense,’ I want to get a better picture of what our options are,” Obama said.

He said his first priority “is to figure out how can we reduce wasteful spending so that, you know, we have a baseline of the core services that we need and the government should provide. And then we decide how do we pay for that.”

Volcker has said taxes might have to be raised to slow the deficit’s growth. He said a value-added tax “was not as toxic an idea” as it had been in the past.

Since then, some GOP lawmakers and conservative commentators have said the Obama administration is edging toward a VAT.

Mind you, Obama has ALREADY broken his promise to the American people when he shoved his ObamaCare boondoggle through Congress by a reconciliation process which he strangely ALSO promised not to use (as I already pointed out above).  That’s because ObamaCare contains twelve new taxes on people Obama swore up and down he wouldn’t tax.

You see, the most profligate spender in the history of the entire human race has a problem: he’s spent so much money, even if he confiscated all the wealth of all the wealthiest people in the country, it wouldn’t scratch the surface in the debts he’s created.  So he needs to come after you and your family to pay his debts.

Biased Media Slants Falling Oil Prices To Suit Liberal Talking Points

August 5, 2008

It’s really quite remarkable how the elite media distorts in whatever way is necessary in order to continue to drive home its liberal agenda.

CNNMoney.com ran a story yesterday that claims that the recently falling fuel prices (which most would see as a good thing) are actually a bad thing – a harborer of looming recession:

NEW YORK (Fortune) — Oil prices are falling sharply, and that’s good news. But not nearly as good as you might think.

No doubt the drop, down to $120 by mid-day Monday, gives strapped consumers relief at the gas pump. Prices have dropped below $4 a gallon and could be headed toward $3.50, going by trading in wholesale futures markets. Any decline will be welcomed by Americans struggling under the burden of falling house prices, rising layoffs and stagnant wages.

But falling oil prices also suggest that the recession the U.S. has so far avoided is well on its way, as consumers pull back from the spending spree that drove economic growth earlier this decade. A weakening economy will mean more layoffs, further pressuring already reduced spending.

“There is no doubt that with gasoline prices dipping below $3.90 a gallon we have a bit of a reprieve on the energy front,” Merrill Lynch economist David Rosenberg wrote in a report Monday, “but the reality is that this is a chicken and egg game because the decline is reflecting the consumer recession.”

The liberal media mantra is this: the Bush economy is terrible. The implication is this: you need to vote Democrat for the sake of “change.”

There is an unrelenting presentation of negatively-viewed coverage on the economy when Republican administrations are in power – especially during election years. And the identical economic statistics – or even worse numbers – are somehow are viewed in a more positive light when Democrats are in power.

Stop and think about it:

First of all, Americans are doing all the things that liberals have been wanting them to do: they are driving significantly less, using less oil. They are trading in their big gas guzzlers for economy cars. Heck, they’re even inflating their tires! Americans are doing what liberals have been telling them to do for years. Yet somehow, this amounts to dire news for the economy.

Let me simply assure you that this media narrative would be entirely different if Barack Obama were president.

Second, why did Americans drive so much less? Because gasoline was so overpriced. Only liberals don’t get the fact that when something becomes more expensive, people will use less of it.

Because the price of oil is a function of the relationship between supply and demand, when the demand is reduced, the supply becomes greater and the price goes down. It had nearly nothing to do with “oil company price gouging” or “speculator’s manipulation.” It had almost everything to do with the fact that China’s and India’s massive increase in oil consumption accounted for the fact that the relationship between world demand and world supply was beginning to drive up the relative value of oil.

President Bush’s ending of the executive ban against drilling for offshore oil immediately resulted in the biggest decrease in oil prices in 17 years as the market reacted to the promise of increased oil supplies in the future.

Meanwhile, lying demagogue Harry Reid attempted to take credit for the price reduction, claiming that the Democrats’ legislation against speculation was what was actually reducing the oil prices. That’s been proven to be patently false, however: the speculation bill went down in defeat, the Democrats went on a five week vacation, and yet oil prices have continued to drop. Had Reid been even partly right, the speculators who got out of the market fearing the Democrats’ bill would have jumped right back in. Yet somehow that’s just not much of a story for the elite media.

The media have repeatedly told Americans that we are in a dire recession when such is not the case. We haven’t had any negative growth quarters, and the last quarter was a positive 1.9% and an increase from the previous quarter. And while our economy has clearly cooled off, it is still the best on the planet.

You can always look at the bright side, or look at the dark side on anything.  And again and again, in every way possible, the media looks to frame its coverage of the economy in order to favor Democrats and hurt Republicans.