- Latest Developments In The Fight To Stop A Govt Internet Takeover
- State of Illinois Launches Sunshine Portal (CFA Site »)
- China Buys Our Debt, We Give Them Renewable Energy Stimulus Jobs...Seems About Right
- ATR Urges Governor McDonnell to Sign Bill to Abolish State Run Tax Preparation
- Saving the Sea Turtles...But at What Cost? (PRA Site »)
- Craig Miller Signs Taxpayer Protection Pledge in FL-24
- Next Week is Sunshine Week! (CFA Site »)
- The Economics of #StimulusFail
- Missouri Unions and Andy Stern on the Same Page: Raise Taxes (AWF Site »)
- Obamacare, Free Trade, & Our Economic Prosperity
Friday, March 12, 2010
- Rusty Bowers Signs the Taxpayer Protection Pledge for AZ-01 Race
- Ask Your Virginia Legislator to Vote "NO" on Any Budget Containing Higher Taxes
-
ATR Supports H.R. 4781, the
"Keeping American Businesses
Competitive Act of 2010" - Stimulus Dollars Are Taking You for A Ride - On Greyhound Buses (CFA Site »)
- Ronald Reagan Legacy Project Urges Naming of California High School After Reagan
- Democrats Attempt to Subvert Congress in Hopes of Carbon Regulation
- Economic Issues Dominate at the Bloggers Briefing
- Pushback Against EPA’s Attempts to Regulate Carbon Emissions Grows
- Minnesota Gubernatorial Candidate Running on a Platform of Tax Hikes
Thursday, March 11, 2010
- Michigan Jobs Ain't What They Used To Be...Unless You Work For The Government
- ATR and CFA Support Earmark Moratorium
- CFA Supports Earmark Moratorium (CFA Site »)
- Voter Fraud in the Name of Tax Hikes
- Ballooning Deficits in Greece Foreshadowing Future for the U.S.? (ASA Site »)
- Green Jobs FAIL
- The Evergreen Tax and Fee Spree
- Pelosi: "But we have to pass the bill so that you can find out what is in it" (CFA Site »)
- ATR Staffer Testifies Before U.S. House Energy & Commerce Select Committee
Wednesday, March 10, 2010
- The endemic rot in government run health care
- The Debt Panel's 800-lb. Gorilla: Why Andy Stern Stands Out
- The Left Agree: Obamacare Ushers In Their Radical Ideological Agenda
- We Ought Focus On Cutting Taxes & Spending, Not Deficits
- The Debt Panel's 800-lb. Gorilla (AWF Site »)
-
Does the Obamacare Investment Surtax
Apply to Capital Gains? - ATR Urges Opposition to Sen. Isakson Pension Bailout
- Taxpayers to Legislators: Clean Virginia Budget of Taxes
- ATR Supports the Georgia JOBS Act
Tuesday, March 9, 2010
- ATR Urges Utah Governor Herbert to Veto Tax Increase
- More on the VAT
- Public Sector Jobs
- How 550,000 jobs were destroyed by the minimum wage hike
- How Obamacare Will Hurt Poor Women & Children Most
- Federal Workers Make $11,000 More Than Private Sector Workers, and There’s More of Them (AWF Site »)
Monday, March 8, 2010
- Legislation Introduced to Put Ronald Reagan on the $50 Bill
- Pledge Signer Wins Illinois Republican Gubernatorial Primary
- "Net Neutrality" To Kill Jobs
- NY Supreme Court Votes to Evict Residents and Close Businesses (PRA Site »)
- California US Senate Candidates Square Off in First Debate
Friday, March 5, 2010
- ATR and CFA Support the Spending Limit Amendment
- Utah Representative Breaks Tax Pledge
- AWF Will Rate Vote on House Jobs Bill (AWF Site »)
- Energy Tax Hike Series: Use it or Lose it Tax
Thursday, March 4, 2010
- The reliability of spending "estimates"
- Utah State Senator Tries to Sweeten Tax Hike with Pork
- Obama Administration Makes Attempt to Seize Millions of Acres Across America (PRA Site »)
- More "Stimulus" Boondoggles - Social Engineering and Lobbying for Higher Taxes
- Energy Tax Hike Series: Raises Taxes on Tertiary Injectants
Wednesday, March 3, 2010
- Is This Reality or a Science Fiction Dystopia?
- Andy Stern Update: US Attorney Reviewing Case & Obama Appoints Stern to Debt Panel
- Texans: Do You Know Which Candidates Have Signed the Taxpayer Protection Pledge?
- AWF Asks White House to Take Position on Andy Stern Investigation After Appointment to Debt Panel (AWF Site »)
- AWF Continues Andy Stern Investigation (AWF Site »)
Tuesday, March 2, 2010
- Energy Tax Hike Series: Superfund Tax Reinstated
Monday, March 1, 2010
- Rick Berg First Pledge Signer in North Dakota Congressional Race
Friday, February 26, 2010
Get Ready for the Other Shoe to Drop:
Volcker Commission Tax Hikes for Healthcare
From Ryan Ellis on Monday, December 21, 2009 2:22 PM 
It was little-noticed in late November when former Federal Reserve Chairman Paul Volcker announced that the tax reform commission he chairs would wait to deliver its report until "after the holidays."
What you might not see is the connection between this and the Reid-Obama government healthcare bill.
ATR has written considerably about the $500 billion in new tax increases to pay for this government takeover of health insurance. Many have speculated that even this gargantuan sum of money won't be enough, especially as unanticipated cost over-runs typical of such schemes begin to take hold.
This is where the Volcker tax-hike commission comes in.
If the Obama Administration and Congressional Democrats are going to get their way and permanently raise federal spending to 25 or 30 percent of GDP (and the unfunded liabilities in Reid-Obama will do their part to push that along), they will need new sources of revenue (the historical level of federal taxes has been a bit over 18 percent of GDP).
It's likely the White House and Capitol Hill Democrats didn't want to announce all the new tax increases now, preferring to wait until "after the holidays" (and after Congress has already committed American taxpayers to this new scheme).
What types of tax hikes could there be? How about a new value-added tax (VAT)? Assuming a European VAT base, each 2.5 percent of VAT rate raises you 1 percent of GDP. Tax hikes on international profits of U.S. employers is another tempting target. How about carbon taxes or other energy tax hikes? Some have called for the IRS to prepare your tax return for you, which "strangely" results in higher overall taxes collected. Anyone for closing the "tax gap" through "revenue enforcement mechanisms?" The list goes on and on.
The point is, the tax hike side of this health care debate has yet to show its final card.
Permalink | Email | Print | Tags: TAXES, HEALTHCARE, VAT, ATRF
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Comments
With the 2010 elections coming up in November one of two things may happen. 1st...The current Congress may legislate new taxes that will take effect in 2011 or ... 2nd...The current Congress may wait until they see how the 2010 elections turn out. If they turn out in favor of the current gang then expect an immediate tax hike across the board. In the meantime look for Obama to change the election laws that will favor his agenda...including signing treaties that will put the United Nations in charge of more and more domestic areas that will affect your voting rights (example: The Law Of The Sea Treaty [LOST] will place UN forces on American soil imposing International Law...see subsection G article 177 and following.)
>> Norm Monday, December 21, 2009 5:34 PM