Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
"Saying the Marketplace Fairness Act is fair is like saying the Affordable Care Act makes health care affordable" -@MarshaBlackburn
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"I can't believe #Obamacare led to higher health care costs," said no economist ever: http://t.co/J6dfnKqFYZ
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#Obamacare's 10% tanning tax hits salon owners and customers, most of which are women: http://t.co/dJuaGAT9LE
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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
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"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
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Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
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9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
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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
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On Sunday, John Podesta (former Clinton COS and late head of the Obama transition team) floated a VAT:
“There’s going to have to be revenue in this budget,” said Podesta, Clinton’s former chief of staff and co-chairman of President Barack Obama’s transition team, said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing today.
A so-called consumption tax would “create a balance” with European and Japanese economies and “could potentially have a substantial effect on competitiveness,” said Podesta. Value- added taxes in Europe and Japan encourage savings by taxing consumption.
Podesta said such a tax may be regressive, but can be balanced by exempting some products and using “the money to support low-wage workers.”
If this sounds familiar, it should. During the Memorial Day recess, Obama Administration officials refused to rule out a VAT. House Ways and Means Committee Chairman Charlie Rangel (D-NY) suggested that a VAT might be a good way to pay for Obamacare.
It goes without saying that a value-added tax is applied to most everything consumed by everybody. Not only does that make it highly regressive, it also is a clear violation of President Obama's repeated promise not to raise "any form" of taxes on families making less than $250,000 per year.
ATR has run an Anti-VAT Congressional caucus since the early 1990s. It currently has 54 Congressmen and 4 Senators. We sent a letter (House, Senate) to the Hill today trying to punch up that number.
It's coming. The Left does not have enough money to pay for everything. A VAT is too tempting for them.
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