Communications

CBO score of the Baucus health care bill comes to this conclusion: Slash $500 billion from Medicare, levy $400 billion in new taxes and viola, “deficit-neutral”.

Speaker Pelosi says a value added tax is on the table and that any new taxes …may come as part of a larger overhaul to the tax code.

But, Speaker Pelosi adds, any reworking of the tax code would not result in an increase in taxes on middle-class Americans.

See: “Pelosi says new tax is 'on the table'”

Maybe it’s a coincidence that WH transition team leader John Podesta, whose group, Center for American Progress, put out a study last week advocating tax hikes, likes the idea of a VAT too.

Raising taxes on the middle class, would of course, violate an Obama campaign promise though.