This is why I am opposing Democrats and Obama and why I may register for the first time as a Republican. They drive up the debt far higher than it was under Bush, implement a Healthcare system we can't pay for so what did you think was next?
Acknowledging it would be a highly unpopular move, White House economic adviser Paul Volcker said Tuesday the United States should consider imposing a "value-added tax" similar to those charged in Europe to help get the deficit under control.
A value-added tax is a national sales tax that, like state and city sales taxes, would be collected by retailers.
"If, at the end of the day, we need to raise taxes, we should raise taxes," he said.
He also said that Congress might also have to consider new taxes on carbon and energy.
http://www.foxnews.com/politics/2010...est=latestnews
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