Pelosi says new tax is 'on the table' (VAT)

[Hazcat]

  By Michael O'Brien  -  10/06/09 10:59 AM ET

A new value-added tax (VAT) is "on the table" to help the U.S. address its fiscal liabilities, House Speaker Nancy Pelosi (D-Calif.) said Monday night.

Pelosi, appearing on PBS's "The Charlie Rose Show" asserted that "it's fair to look at" the VAT as part of an overhaul of the nation's tax code.

"I would say, Put everything on the table and subject it to the scrutiny that it deserves," Pelosi told Rose when asked if the VAT has any appeal to her.

The VAT is a tax on manufacturers at each stage of production on the amount of value an additional producer adds to a product.

Pelosi argued that the VAT would level the playing field between U.S. and foreign manufacturers, the latter of which do not have pension and healthcare costs included in the price of their goods because their governments provide those services, financed by similar taxes.

"They get a tax off of that and they use that money to pay the healthcare for their own workers," Pelosi said, using the example of auto manufacturers. "So their cars coming into our country don't have a healthcare component cost.

"Somewhere along the way, a value-added tax plays into this. Of course, we want to take down the healthcare cost, that's one part of it," the Speaker added. "But in the scheme of things, I think it's fair look at a value- added tax as well."

Pelosi said that any new taxes would come after the Congress finishes the healthcare debate consuming most lawmakers' time, and that it may come as part of a larger overhaul to the tax code.

The Speaker also emphasized that any reworking of the tax code would not result in an increase in taxes on middle-class Americans.

http://thehill.com/blogs/blog-briefing-room/news/61783-pelosi-says-new-tax-is-on-the-table

More and comments at link.

[ericire12]

Bye bye madam Speaker!

[tt11758]

Here's an idea that the Wicked Witch of the West and her cohorts in Congress never seem to consider.  Instead of finding new ways to tax the living shit out of those of us out here who are productive members of society, why not make the government do like those of us who pay their salaries do, and learn to LIVE WITHIN YOUR F**KING MEANS!!!


















































Rant off

[tombogan03884]

 She wants a "new tax on the table", I want "her head on the block "


http://www.youtube.com/watch?v=Qd7Avid6z2w


http://www.youtube.com/watch?v=oL-4pIctRjA&feature=related


http://www.youtube.com/watch?v=CmDuHeZXgJ0&feature=related

Any questions ?

[CJS3]

A NEW TAX!!!!???

Gee, who would have seen that coming, with Dems in charge?

 

[Sponsor]

[ellis4538]

No increased taxes but the added cost would be passed on to us or we would have to buy higher priced US goods...we lose either way!  Who does that B...H think she's kidding?

Richard

[Woody]

Ain't paying em, period.

[Pathfinder]

Ain't paying em, period.

With VAT, you don't have much choice.

Say you want to buy a lawn mower. VAT has been paid by the steel mill for iron ore, the engine manufacturer for the aluminum for the engine blocks, and so on for all of the electrical, blade, drive, and other components.

The manufacturer sells to a distributor - more VAT

The distributor sells to the retailer - more VAT

The retailer sells to you - more VAT.

Why do you think pelosi wants VAT? More taxes for them to collect. More bureaucracy. More control.

[TAB]

Thats the founding ideal of the american independent party.

it will never work,  its great if your rich, but sucks ass if your poor.

either every one should pay the same % tax or the rich should pay a higher % then the poor.

with any kind of VAT  the poor will pay more then they currently do.

[tombogan03884]

Ain't paying em, period.

Had a couple up here thought that way Woody. He's dead, She just got 35 years. She's 65 now .