Three Sneak Tax Hikes to Watch For

My latest column for The Week dismisses the growing speculation that the Obama administration is planning to introduce a European-style value added tax. Count on Obama to instead opt for tax hikes that will garner less attention and less of a fight.

My latest column for The Week dismisses the growing speculation that the Obama administration is planning to introduce a European-style value added tax.  Count on Obama to instead opt for tax hikes that will garner less attention and less of a fight.

Former Federal Reserve chairman Paul Volcker mused last week about a Value Added Tax. Volcker’s words excited speculation: Was this advance warning of Obama administration plans?

I doubt it.

After health-care reform (and don’t forget Afghanistan!), the administration is hardly likely to launch another big and controversial project. As a taxpayer, I’d worry more that the administration may be tempted by three much sneakier revenue squeezers.

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