2 years ago
Hooray for Taxes!
Let’s face it. The newly-signed health care reform bill is not deficit neutral. The bill will cost this country a lot of money. Already the Obama administration is scrapping to find ways to fund such an ambitious venture. Starting July 1, the government will seize control of all student loans. Consequently, they will be raising the interested rates on the 19 million loans costing holders of said loans approximately $1,800 per year. On top of re-raising taxes on the top two percent, there are signs that the administration may levy a Value Added Tax.
While not familiar to many in the United States, the Value Added Tax, or VAT, is very
