Value-added tax: An Obama broken campaign promise

During the 2008 presidential campaign, then-Senator Obama promised repeatedly that he would not raise taxes on Americans earning less than $250,000 a year. But yesterday Obama revealed that he is considering enacting a value-added tax, a kind of national sales tax. Not only is such a tax regressive, meaning it disproportionately effects poor people, it violates that campaign promise.

Americans need lower taxes. The Democrats don't get it on a lot of things, but the closest thing to an economic certainty is the rule: Don't raise taxes during a recession.

Related post:

George Will: Beware of the value-added tax

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