Tuesday, October 6, 2009

What happened to "I won't raise taxes?"

From the Hill:

Pelosi says new tax is 'on the table'
By Michael O'Brien - 10/06/09 10:59 AM ET 
 
A new value-added tax (VAT) is "on the table" to help the U.S. address its fiscal liabilities, House Speaker Nancy Pelosi (D-Calif.) said Monday night.

Pelosi, appearing on PBS's "The Charlie Rose Show" asserted that "it's fair to look at" the VAT as part of an overhaul of the nation's tax code.

"I would say, Put everything on the table and subject it to the scrutiny that it deserves," Pelosi told Rose when asked if the VAT has any appeal to her.

The VAT is a tax on manufacturers at each stage of production on the amount of value an additional producer adds to a product. read the rest

The only "fiscal liabilities" are the elites in Washington spending money that hasn't even been printed yet.  This has got to stop!!

H/T Hot Air