Friday, March 26, 2010

The Vat Cometh

Charles Krauthammer on Value Added Tax in Townhall:

As the night follows the day, the VAT cometh.

With the passage of Obamacare, creating a vast new middle-class entitlement, a national sales tax of the kind near-universal in Europe is inevitable.

We are now $8 trillion in debt. The Congressional Budget Office projects that another $12 trillion will be added over the next decade. Obamacare, when stripped of its budgetary gimmicks -- the unfunded $200 billion-plus doctor fix, the double counting of Medicare cuts, the 10-6 sleight-of-hand (counting 10 years of revenue and only 6 years of outflows) -- is at minimum a $2 trillion new entitlement.

http://townhall.com/columnists/CharlesKrauthammer/2010/03/26/the_vat_cometh

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