{"id":1369,"date":"2010-04-07T16:14:41","date_gmt":"2010-04-07T20:14:41","guid":{"rendered":"https:\/\/officiallyscrewed.com\/blog\/?p=1369"},"modified":"2010-04-07T16:14:41","modified_gmt":"2010-04-07T20:14:41","slug":"obama-advisor-and-ex-fed-chairman-paul-volcker-says-vat-not-toxic","status":"publish","type":"post","link":"https:\/\/officiallyscrewed.com\/?p=1369","title":{"rendered":"Obama Advisor and Ex Fed Chairman Paul Volcker Says VAT Not &quot;Toxic&quot;"},"content":{"rendered":"<p>President Obama advisor and former federal reserve chairman Paul Volcker starts toying with the <a href=\"http:\/\/www.cbsnews.com\/8301-503983_162-20001918-503983.html\" target=\"_blank\">national VAT tax<\/a>.  This is similar to our 5% GST and similar to the 20% seen in many European countries.<\/p>\n<blockquote><p>The U.S. should consider using a European-style value added tax to help bring the deficit down, said White House adviser Paul Volcker in response to a question from CBS MoneyWatch.com at a panel discussion in New York City Tuesday night. &#8220;We have to think about really revamping the tax system,&#8221; said Volcker, who&#8217;s best known for successfully beating down inflation while serving as Ronald Reagan&#8217;s Federal Reserve chairman. The VAT, a levy on all the goods and services you consume, is not a &#8220;toxic idea,&#8221; he added.<\/p><\/blockquote>\n<p><a href=\"https:\/\/officiallyscrewed.com\/?p=1350\">Don&#8217;t say we didn&#8217;t warn you about the potential of getting OfficiallyScrewed.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Obama advisor and former federal reserve chairman Paul Volcker starts toying with the national VAT tax. This is similar to our 5% GST and similar to the 20% seen in many European countries. The U.S. should consider using a European-style value added tax to help bring the deficit down, said White House adviser Paul [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[11,40,44,51,58],"tags":[],"class_list":["post-1369","post","type-post","status-publish","format-standard","hentry","category-death-by-taxes","category-obamunism","category-officiallyscrewed","category-politics-american","category-predictable"],"_links":{"self":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts\/1369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1369"}],"version-history":[{"count":0,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts\/1369\/revisions"}],"wp:attachment":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}