President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.
Before deciding what revenue options are best for dealing with the deficit and the economy, Obama said in an interview with CNBC, “I want to get a better picture of what our options are….”
After the interview, White House deputy communications director Jen Psaki said nothing has changed and the White House is “not considering” a VAT.
He can tax every dime of the GDP and still not pay the debt and unfunded liabilities.
CUT SPENDING.