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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
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"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
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9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
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.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
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"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
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Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
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The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
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Herman Cain Was Against a VAT Before He Was For It
In 2010, Herman Cain correctly said that a VAT would be horrible for America. Now he is proposing one.
Herman Cain's "9-9-9" plan is coming under increased scrutiny. At issue is the fact that two of the "nines" are sales taxes. One is a national retail sales tax. The other is a value-added tax (VAT).
ATR has long been opposed to a VAT, since the European experience with them has been so negative. VATs started out in Western Europe at about a 5 percent rate, but now average about 20 percent. There is a 15 percent minimum VAT requirement just to join the European Union. The growth of government spending in Europe since 1970 is directly-correlated to the growth in the VAT.
Herman Cain would seem to agree--that is, the Herman Cain of less than one year ago. Here's what he had to say less than a year ago on November 21, 2010:
The worst idea is a proposed national sales tax, which is a disguised VAT (value added tax) on top of everything we already pay in federal taxes...In every country that has established a VAT with the promise of reducing their national debt, the VAT has eventually gone up or expanded on top of the existing tax structure. After discovering many of the tax grenades in the recently passed health care deform bill, which is already driving costs up and access down, it would be real easy for an overzealous bureaucrat to insert the language in the legislation “national retail and wholesale” tax.
Herman Cain (last year's version) is correct. A VAT would be a horrible idea for America.
So why is it one-third of 9-9-9?
Posted by Ryan Ellis 
on Monday, October 17, 2011 11:30 AM EDT
on Monday, October 17, 2011 11:30 AM EDTTo follow Ryan Ellis's RSS feed click here. To follow them on Twitter, their handle is @ryanlellis
