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April 22, 2010

Tax Hikes A-Comin'!

Posted by Gregory of Yardale at April 22, 2010 8:48 AM

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Hat Tip: Sondra K

Apologists for Chairman Zero claim that Tea Party concerns over taxes are ridiculous. They even claim Obama cut taxes, although when asked to show where tax rates have been reduced for anyone they are reduced to pointing to chump-change tax credits, which are not really tax cuts but a form of wealth redistribution.

Unlike Progressive Lefties, Tea Party Patriots are smart enough to know that trillion dollar deficits and trillion dollar health care entitlements will lead to multi-trillion dollar tax increases, because 1. Democrats won't cut spending, 2. Democrats won't cut spending especially when they are owned body and soul by public employee unions, and 3. Democrats won't cut spending.

Even the AP Admits: Millions face tax increases under Dems budget plan . And even these massive tax increases will do little to close the deficit because without fiscal discipline, spending increases will always outpace tax revenue increases. And the effect of taking trillions of dollars out of a weak economy will not be healthy... try taking two quarts of blood out of an anemic patient and see what happens.

And Chairman Zero, over-ruling denials from Robert Gibbs, has admitted that a VAT is on the table.

When asked if he could see a potential VAT in this nation, the president said: "I know that there's been a lot of talk around town lately about the value-added tax. That is something that has worked for some countries. It's something that would be novel for the United States."

Yeah, a Stephen King novel. And it's certain the Democrats would love to impose a VAT, but they would also still like to hold a few seats outside of San Francisco, Chicago, and Seattle after the November elections, so they won't impose one just yet.