This babe takes the cake. Now she wants a new tax on top of what's already extant.
Pelosi argued that the VAT would level the playing field between U.S. and foreign manufacturers, the latter of which do not have pension and healthcare costs included in the price of their goods because their governments provide those services, financed by similar taxes.
"They get a tax off of that and they use that money to pay the healthcare for their own workers," Pelosi said, using the example of auto manufacturers. "So their cars coming into our country don't have a healthcare component cost.
So instead of sharply reducing the income tax on US automakers, (which would reduce the cost of automobiles at the retail level), Pelosi will raise the taxes on the vehicles--making the US-made cars even less affordable for US buyers.
DOH!!!
Frankly, I don't think Pelosi has any competition for "dumbest Speaker."
2010 cannot possibly come soon enough.
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So making everything American more expensive will level the playing field for American manufacturers against cheap imports?
Holy Crap!
I knew the folks in San Fran were a bit "out there", but how in the hell did this broad get elected.
sheesh - and the lefties call Sarah Palin dumb..
What about Newt, dad?
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