The White House Lie

Despite denials, the Obama Administration is clearly considering a Value-Added Tax to pay for their
binge spending habit

WHITE HOUSE CLAIMS OBAMA OPPOSES A VALUE-ADDED TAX…

This morning, Obama’s Treasury Secretary claims President “does not support” VAT
MSNBC's JOE SCARBOROUGH: "Do you oppose a VAT tax?" TIM GEITHNER: "The president does not
support a VAT, but we all recognize that our deficits are too high. We're going to have to bring them
down." (MSNBC's "Morning Joe," 4/22/10)Fate of our economy is in the hands of other nations

And earlier this week, Obama’s Press Secretary denied that the President is considering VAT
Q: "Is there anything that this administration is doing to consider, calculate, pose in any way, shape or
form, weigh or measure potential deficit implications or economic implications of a value-added tax?"
GIBBS: "No, this is not something the President has proposed nor is it under consideration." (Briefing By
Press Secretary Robert Gibbs, The White House, 4/19/10)

BUT OBAMA IS CLEARLY CONSIDERING IT TO PAY FOR HIS BINGE SPENDING

Yesterday, Obama said the VAT would be “novel for the United States”
"I know that there's been a lot of talk around town lately about the value-added tax. That is something
that has worked for some countries. It's something that would be novel for the United States." (CNBC's
"Street Signs," 4/20/10)

Obama's economic team has already calculated how large VAT would need to be in order to pay for their
binge-spending
“…One way to reach that 3% goal, by the calculations of Mr. Obama's economic team: a 5 percent
value-added tax ..." (John Harwood of the The New York Times, 4/18/10)

Obama economic adviser Paul Volcker says the VAT is needed to get Obama’s deficit under control
"The United States ... may need to consider a European-style value-added tax, White House adviser
Paul Volcker said on Tuesday. Volcker ... said the value-added tax 'was not as toxic an idea' as it has
been in the past ... 'If at the end of the day we need to raise taxes, we should raise taxes,' he said."
(Volcker, Reuters, 4/6/10)

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