A new value-added tax (VAT) is "on the table" to help the U.S. address its fiscal liabilities, House Speaker Nancy Pelosi (D-Calif.) said Monday night.
"Of course, we want to take down the healthcare cost, that's one part of it," the Speaker added.
Today, several economists are stating that the economy is turning around--the recession has ended, according to several experts-- http://www.rte.ie/business/2009/1012/usa.html . This evaluation despite the rising unemployment rate and fewer jobs available. Increases in salaries and benefits was the least amount since the Bureau of Labor Statistics began following this in 1975. Productivity did increase, presumably from each worker doing more work. See the government figures at http://www.bls.gov/eag/eag.us.htm
And, of course, economies are not stimulated by tax increases; economies are harmed and stifled by taxes. The best way, Mrs. Pelosi, to help our economy is to lower taxes.
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