Wednesday, March 24, 2010

Krauthammer Forecasts A Massive Regressive Tax

Charles Krauthammer is now forecasting that the Obama administration will soon be seeking the imposition of a Value Added Tax (VAT) (sort of a national sales tax) in order to pay for the massive costs of Obamacare and his other profligate spending. Krauthammer expects that to be the recommendation of Obama's deficit reduction commission that reports after the next election. Such a tax would hit particularly hard on the poor and the middle class.

(H/T Hot Air)

Let me ask, if Obama's goal was to reduce us from a superpower status and reduce our standard of living, what would he be doing any differently?

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