More Taxes for Us All

He promised that any of us who make less than $250,000 a year would not have any new taxes. He lied. We all know that. How deep and penetrating the lie was is what we are now learning.

Yahoo News reported yesterday that there will be an increase in the alternative minimum tax, a tax enacted decades ago to make sure wealthy people pay their fair share. Tax breaks enacted by President George W. Bush will also expire at the end of this year, increasing our tax rates. While not a "tax hike" the result for citizens is the same.

To those who read this and think to themselves, "Well, I make a lot less than $250,000 a year and I can live with my tax cuts disappearing", there's more. A handy European invention called a VAT (Value Added Tax) which adds a "hidden" tax to everything you and I purchase.

Another Yahoo News article puts it this way:

Many European countries impose a VAT, which taxes the value that is added at each stage of production of certain commodities. It could apply, for instance, to raw products delivered to a mill, the mill's production work and so on up the line to the retailer.

What is Obama's position?

President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.

Before deciding what revenue options are best for dealing with the deficit and the economy, Obama said in an interview with CNBC, "I want to get a better picture of what our options are."

A Value Added Tax would hit us all. If you buy goods and services, you will pay more. The tax will be there, tucked into the price that just mysteriously went from $2.99 to $3.99. (I'm guessing on the amount here but you get my drift).

Everyone, from high paid executives to the elderly struggling to survive on a Social Security check, will have to pay the built-in VAT price hike on everything they buy.

We are already in tough economic times. Everyone is struggling to makes ends meet. To continue to spend with abandon and dream up new ways to tax even the poorest among us, our "leaders" are proving once again that they are completely out of touch with the people they are supposed to represent.

We are all tired of calling representatives who refuse to listen, but once again I issue the call to action. Let them know again you oppose this runaway spending and taxing spree they are on. Let them know that they do come up for election: if not this cycle, then on the next. Let them know we will remember and will put them on the unemployment line.

Find a candidate you can support in this election cycle and vote new people in, people who will represent you and listen to your concerns instead of the corrupt party leaders.

If we don't, they will surely tax and spend us into the poorhouse and then will tax the poorhouse out of existence as well!