[Leica] taxes - VAT

[kcarney1 at cox.net (Ken Carney)]

Oh Sierra -- buy that stuff now:


  Volcker: Taxes likely to rise eventually to tame deficit

NEW YORK
Tue Apr 6, 2010 7:57pm EDT

NEW YORK (Reuters) - The United States should consider raising taxes to 
help bring deficits under control and may need to consider a 
European-style value-added tax, White House adviser Paul Volcker said on 
Tuesday.

Volcker, answering a question from the audience at a New York Historical 
Society event, said the value-added tax "was not as toxic an idea" as it 
has been in the past and also said a carbon or other energy-related tax 
may become necessary.

Though he acknowledged that both were still unpopular ideas, he said 
getting entitlement costs and the U.S. budget deficit under control may 
require such moves. "If at the end of the day we need to raise taxes, we 
should raise taxes," he said.

(Reporting by Steven C. Johnson 
<http://blogs.reuters.com/search/journalist.php?edition=us&n=steven.johnson&;>
 
and Leah Schnurr 
<http://blogs.reuters.com/search/journalist.php?edition=us&n=leah.schnurr&;>; 
editing by Carol Bishopric)