“Just one more tax on the middle class and poor. One more, that’s it. I promise.”
House Speaker Nancy Pelosi (D-CA) continued her regularly scheduled display of dishonesty during a recent discussion of the value-added tax.The Hill reports:A new value added tax (VAT) is “on the table” to help the U.S. address is 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 value-added tax has any appeal to her. (snip)Pelosi said that any new taxes would come after the Congress finishes the healthcare debate currently consuming most lawmakers’ times, and that it may come as part of a larger overhaul to the tax code.
The speaker also emphasized that any reworking of the tax code would not result in an increase in taxes on middle-class Americans. (emphasis added)
Madam Speaker, if the reworking of the tax code calls for the implementation of a value-added tax, then contrary to your assertion, that would be an increase in taxes on middle-class Americans. The VAT is not an income tax, but a consumption tax that would be enforced on top of the income tax. Unlike the wealthy, who can redirect a portion of their money to other means in lieu of consumption, the poor and middle-class have to consume. As a result, the VAT will hit the people liberals claim they don’t want to tax the hardest. But please, don’t let the truth get in the way of facts. Just continue the charade of lying to us about the ramifications of liberal tax proposals. It’s more important that you continue to prop up the president’s phony campaign pledge of no tax increases on individuals that earn less than $250,000 a year. Never mind that ship sailed in early February when the president signed an expansion of the State Children’s Health Insurance Program (S-CHIP) into law and buried within it was an increase on the tobacco tax–the largest tax increase in U.S. history.
Exit question: Are there any forms of taxation they oppose?
Along with most of the rest of the government thieves and warmongers.