The Value Added Tax of the Global Commie Unionist Corporate Criminal Regimes ;

A concerted push from the left
for a new broad-based tax, the
value added tax (VAT), is
revving into high gear.

A VAT with a high enough rate
could raise enough revenue to pay
for the cradle-to-grave entitlements
liberals have long desired.

Without it they know they will have
no choice but to give up their bigger
government dreams and constrain
spending to historical levels.

If Congress gives in to temptation
and passes a VAT, it would forever
expand the size of government and be
an enormous tax increase that would
raise the prices of everything we buy.

Some have suggested
a rate as high as 20 percent.

At that level, the VAT would transfer
about $1.5 trillion annually at the end
of the decade from productive private
hands to the wasteful hand of
government.

A VAT in addition to the current tax
code would also solidify in place the
economic damage caused by the
existing tax system and add on a
new layer of inefficiency.

The added economic drag
created by the VAT and the
massive amount of resources
taken out of the economy by
the VAT combined would
significantly and permanently
curtail economic growth.

That is why it is
so important to stop the VAT.

Despite the best efforts of some
to make it appear the VAT is
inevitable, Congress can reduce
spending down to the historical
average and the United States
can remain VAT-free
http://blog.heritage.org/2010/05/19/only-vat-can-fund-leftist-welfare-state/

Senate Democrats secretly agree
that Sen. Blanche Lincoln's (D-AR)
proposal to attempt to impose a
complete separating on credit default
swaps and credit providers (i.e. banks)
makes no sense.

Now that Lincoln has been forced
into a June 8 run-off against Halter,
Lincoln's Senate colleagues are looking
for a quiet way to kill her swaps proposal.

Banking Committee Chair Chris Dodd
(D-CT) first proposed, and then backed
off, a two-year delay in the effective date
of the Lincoln proposal, suggesting that
regulators, who uniformly oppose the
idea, will kill it before then.

Based on Sen. Judd Gregg's (R-NH)
comments, Dodd may have dropped
his amendment because sensibly-thinking
Senators didn't buy the delay scheme.

And it is a good thing they didn't.
All Dodd's delaying amendment
would do is cover the swaps
market in uncertainty.

Attempting to re-engineer
the financial markets in Congress
was a bad idea from the beginning.

The predictable result
will be to make markets
more like Congress: irrational,
unpredictable, and dysfunctional
http://blog.heritage.org/2010/05/19/dodd-and-derivatives-swapping-new-york-for-london/

The Commie Coups Against
Domestic Free Enterprise
http://blog.heritage.org/category/enterprise-and-free-markets/

The Communist Hell Care Coup
http://blog.heritage.org/category/health-care/

The Commie Energy and Environment Coup
http://blog.heritage.org/category/energy-and-environment/

Opposing The Commie
Coup Against The U.S.A.
http://blog.heritage.org/

Exposing
The Satanic Commie World Order
http://sovereigntysrealms.blogspot.com/

Expose Oppose Protest Resist Defy & Defeat :

The Anti Constitutional Anti Republic
Anti Capitalistic Unconstitutional Treasonous
Criminal Satanic Commie Hell Care Whores
& Satanic Globalist Commie Liberal Progressive
Stateist Corporate Unionist Ponzi Schemes,
Lies, Liars & Frauds