>>>Got a source for that VAT thing, Marcia?
>>>
>>>http://www.foxnews.com/search-results/m/22384426/value-added-tax.htm#q=VAT
>>
>>This video is funny to say at least. Both presenter and 'VAT contestant' are completely clueles on VAT. OTOH the guy who has been there to supposetly defend VAT implementation, links it directly to univarsal health coverage without providing any other argument/reasoning to backs it up. So it was really 'funny' watching it... All together.
>>
>>For the presenter/contestant information, whole Europe (including those 'poor French and British who cannot afford...' {What !??} )
>>pays it, and whole host of other countries around the world. VAT is normally paid by end customer be that business or
>>final consumer, so in this respect yes, it would affect mostly people (final consumers), but in Europe at least, VAT implementation prooved to be quiet sucessfull in maintaining government budgets/debts at mangeable levels. Naturally, nobody likes paying for it, but it is hard to contemplate that whole Europe is just plain stupid for having it this way, or that it wld destroy US if implemented.
>>
>>Afaik, VAT Is somewhere at 15% on average all around (poor/socialist) Europe.
>>
>>
>>.
>
>But will they align the corporate tax rate as well?
>http://en.wikipedia.org/wiki/File:Income_Taxes_By_Country.svg

Did not study exactly Obama's tax plans, but perhaps VAT would be implemented in a way that it would phase out some
other type of taxation (Like direct sales tax) and be part of some well calculated state wide tax policy. Obama's economic team
are not stupid people.

Now how TV presenter and his guest on a right wing station comprehend those things, is whole different matter {g}