French court rejects 75 percent millionaires’ tax

Emile Picy and Catherine Bremer Reuters 12/29/2012

France’s Constitutional Council on Saturday rejected a 75 percent upper income tax rate to be introduced in 2013 in a setback to Socialist President Francois Hollande’s push to make the rich contribute more to cutting the public deficit.

The Council ruled that the planned 75 percent tax on […]

Krauthammer: Obama’s Not Trying to Fix Our Fiscal Problems, He’s Trying to Destroy Republicans

Jim Hoft GatewayPundit 11/27/2012

Charles Krauthammer weighed in on the ongoing fiscal talks in Washington DC on Special Report:

“Obama’s proposal to raise rates on the rich is a triviality…It would reduce the deficit from $1.1 trillion to $1.02 trillion. Eight cents on the dollar. It’s nothing. It’s lunch money. It’s a rounding error. And […]

Marketplace Fairness Act: Some Republicans Support Sales Tax for Online Purchases

Capitol Confidential Big Government 7/21/2012

…By allowing states to require out-of-state, online-only retailers to collect and remit sales taxes already owed but rarely paid on purchases by state residents, Congress would ensure that states have far less rationale for pursuing new taxes, such as a value-added-tax (VAT) or income taxes in states that currently […]

Mitt Romney, the Value-Added Tax, and America’s European Future

Dan Mitchell Big Government 1/4/2012

My Iowa caucus predictions from yesterday were hopelessly wrong, probably because I was picking with my heart rather than my head. As I noted a couple of weeks ago, Mitt Romney’s openness to a value-added tax makes him a dangerously flawed candidate, and I hoped Iowa voters shared my concern.


Senator: Obama, Congress ‘Intentionally’ Spending to Force Value-Added Tax Implementation

N.H. Sen. Judd Gregg tells CNBC’s Larry Kudlow leaders are ‘trying to run the government into the ditch’ to institute European social welfare model.

Jeff Poor Business & Media Institute 9/10/2010

We’ve heard from various elements that President Barack Obama was a socialist trying to “fundamentally change” theUnited States of America in a covert manner, […]

Value-added tax has some GOP backers

Walter Alarkon The Hill 5/3/2010

The idea of a value-added tax (VAT), attacked by national Republicans ever since it was floated by a White House adviser, has some GOP supporters in Congress.

Five Republican House members are co-sponsors of a bill by Rep. Bill Pascrell (D-N.J.) that would impose a border tax on imports similar […]