VAT to Follow Obama's Spending Spree

Friday, 09 Apr 2010 03:55 PM
By: Andrea Tantaros

Biggest sales tax in history is a lobbyist's dream

The Obama Administration is creating a crisis so that they can solve it with a mechanism that will serve as the catalyst for future spending on their massive government programs. And even though our president said he wouldn’t raise taxes on 95% of Americans while he was on the campaign trail, get ready for the "VAT" -- a move that would raise taxes on everyone.

A new and ugly phrase has recently made its way into the vernacular in this country: the Value Added Tax or VAT tax. But don’t let the term fool you. The “valuesâ€