Quote Of The Day
George F. Will on the value-added tax (VAT):
...A VAT is the political class's recourse when the resources of the minority that is targeted by the envious are insufficient to finance ravenous government....
...Adding a VAT without subtracting the income tax would constrict Americans' freedom much more than the health-care legislation does. Because the 16th Amendment will not be repealed, adoption of a VAT would proclaim the impossibility of serious spending reductions and hence would be the obituary for the Founders' vision of limited government.Read the entire essay HERE.
BHO has has recently indicated that he is open to the idea of the VAT.