White House adviser Paul Volcker said Tuesday that America should consider a VAT tax to help curb the deficit. This is maddening. It's like they're trying to tank the economy. This will cause the price of everything to go up. Couple that with the increased cost of energy due to cap and trade? Sounds like a recipe for economic meltdown not recovery.
It's been proven: Cutting taxes, Raises revenue to the govt. Ask JFK. Why can't President Obama learn from the past?
Oh, and didn't he make some kinda promise regarding taxes?