The opening lines of an AP story this afternoon read as follows: "President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days".
While running for President, Obama pledged and promised over and over again that he would not raise taxes on any American who made less than $250,000 per year. And Obama made it clear that the promise covered taxes of all sorts, NOT JUST INCOME TAXES. According to the ranking member of the House Budget committee, since taking office, Obama and the Obamacrats have enacted about $670 billion of new taxes with more than $300 billion of that amount hitting people making less than Obama's promised cut off number. It is safe to say, however, that the $300 billion would be loose change compared to any amount raised by a Value Added Tax. a ten percent national VAT would raise trillions of dollars with every American paying it.
Is it surprising that Obama is reneging on such a high profile promise? Not really. He thinks that he can simply convince everyone that what he says now is all that is important -- in essence, he has no accountability for his past statements. my guess is that Obama will soon learn that the American people are neither mesmerized by his oratorical skills nor are they foolish enough to believe him when he makes future promises. Time will tell (even if Obama won't).
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