
- There is no Federal Budget for FY2012. The U. S. Senate rejected budget proposals from President Obama and from the House of Representatives. See more about this by clicking on the above bar chart.
- The Interest payments on the rising debt will be paid by our children and grandchildren through much higher taxes. Isn’t that Child Abuse?
- One new tax proposal we are hearing about is Value Added Tax (VAT). Here is an explanation. If you think the IRS is scary, wait ’til you see the VAT Authority!
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Posted on January 1, 2012 at 10:24 am in Fiscal Responsibility | RSS feed