Techcordance

Hidden Tax?

(CNSNews.com) – Economist and former House Majority Leader Dick Armey (R-Texas) said he “always believed” the Democrats would impose a value added tax (VAT) on top of all existing, current taxes when they took control of the House, Senate and White House. Armey described the VAT as the most “insidious tax of all.”
In an exclusive interview with Armey on Capitol Hill, CNSNews.com asked, “Paul Volcker, a senior economic adviser to President Obama, and several members of Congress, including Speaker Pelosi, have floated the idea of the VAT tax being implemented on top of current taxes. Would you support something like that? Why or why not?”
Armey said, “Absolutely not. Look, in 1994, I studied – actually, starting in the fall of ’93 – I studied all tax options out there, and I, of course, settled on the flat tax as the best option for a lot of reasons. The Value Added Tax was always the most insidious tax of all, and I always saw that – I’d seen that back in ’77.”