Now Obama has let it be known that the value-added tax, or VAT, is “on the table” as he casts about for taxes to lock in his gigantic levels of federal spending.

by Dick Morris and Eileen McGann at TownHall.com

When conservatives like Neal Boortz proposed the “fair tax” (a levy on consumption, not on income), we should have known that the Barack Obama left would seize on the proposal not as Boortz intended it to be — a replacement for the income tax — but as an addition to it. Now Obama has let it be known that the value-added tax, or VAT, is “on the table” as he casts about for taxes to lock in his gigantic levels of federal spending.

At stake, of course, is our free-market system. When Obama took office, federal, state and local spending accounted for 30 percent of gross domestic product. Now it is up to 35 percent, and when health care is fully implemented, it will rise to above 40 percent. But taxes are still below 30 percent. The difference is the deficit, now grown to 10 percent of our GDP.

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