Spend It Now! A Huge New Tax Is Coming...

Everything you buy is about to become 20% more expensive...

I'm not kidding. The latest idea out of Washington is to pay for its insatiable appetite for spending with what's called a "Value-Added Tax."

It's like a huge new national sales tax, on everything. In simple terms, the difference is that with a sales tax, the consumer pays it. With a "VAT," the manufacturer pays it. The consumer won't see it in the price on the shelf or on their receipt.

Politicians love this tax because it's a stealth tax... You can't see it when you buy something, but they still get their money. And unless you make your voice known, chances are excellent we'll eventually have a Value-Added Tax here.'

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UK Shoppers Could Face VAT on Food

The feasibility of introducing the food tax is being raised informally between civil servants, industry bodies and retail insiders.

So politically-sensitive is the move that all the talks are occurring "under the radar", according to retail industry insiders.

Basic supermarket groceries are currently immune from VAT, along with books, newspapers and children's clothes.

However a VAT levy on food of between three and five per cent would raise billions of pounds in tax and help reduce Government borrowings, which are expected to hit £180 billion this year.'

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Tories Study Plans for 20pc VAT

The proposal – likely to raise up to £10 billion a year – is being “very actively considered” at the highest level, according to senior shadow ministerial sources.

It could be introduced within weeks of a Tory victory at the next election, which must be held by June, in a package that is also likely to include severe cuts to public spending.

A shadow ministerial source said: “Tax rises will have to be part of the equation. It will be time for some strong medicine.”

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You gullable sheeple!!

Revealed: Labour Planned To Increase VAT After Next Election

Labour secretly drew up plans to increase VAT to 18.5 per cent after the next election, official documents revealed last night.
A Treasury paper suggested that the flagship cut in sales tax to 15 per cent - announced in Monday's Pre-Budget Report - would not only be reversed in 2010, but hiked above its current rate of 17.5 per cent.
The disclosure came as experts warned that middle-income families would be hit by other sweeping tax changes, despite the Treasury's claims.

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