Soon we shall see if this President Bush will follow in his father's footsteps and agree to raise taxes. His "tax advisory panel" is discussing which taxes to raise, and how much to raise them.

Democrat Vice Chairman John Breaux says:

We have a concept. We know where to go. We just don't have the details.

Oh sure, they're not selling it as a tax increase. And sure, they're going with the old standby of class warfare (it only affects the rich) -- but any time the government takes more of my money, that's a tax increase, no matter what anyone else wants to call it.

Connie Mack, alleged Republican, sent mixed messages by claiming to not want a value-added tax and yet asking staff to create a proposal that includes a value-added tax.

If you see a value-added tax, RUN! Value-added tax is the most insidious tax there can be because consumers will not see the tax -- government will get increased income, prices will rise, but consumers will think businesses are raising prices for profit.

Damn, whatever happened to the Fair Tax? Unfortunately, this "panel" will not consider good ideas like that one: They rejected a fundamental overhaul of the tax code, clearly claiming that they like the current tax system.

Posted by: Ogre at 08:32 AM | No Comments | Add Comment
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