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Mark My Words>>>A VAT (Value Added Tax) is Coming
Posted by Sanford Dec 21st, 2009 | no responses
| Hello,If any of the iterations of Obama Care passes, a Value Added Tax (VAT) is inevitable. The projected cost estimates of either the House or Senate versions are way too low and the embedded tax increases will not raise the revenues needed. 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, Sanford Kahn, Business Author/Speaker www.businesstrendspeaker.biz sanford16@yahoo.com |
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