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Mark My Words>>>A VAT (Value Added Tax) is Coming
Posted by Sanford Dec 21st, 2009 | no responses
| Hello, With the passage of Obama Care, a Value Added Tax (VAT) is inevitable. The projected cost estimates of the bill are way too low and the embedded tax increases will not raise the revenues needed. A simple and accurate law of economics is the more you subsidize something the more of that you will get. A VAT will hit the economy like a steam locomotive. It will be particularly damaging to the American middle class. These tax increases along with the expiration of Bush’s tax cuts will drive the economy into a second and more serious recession. Be Solvent & Prosperous, |
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