If the president got his way, we've tax maximized just to cover the shortfall in the Medicare trust fund. Where do you get the money? I will lay a marker down today. By the end of this decade, this country will have A VAT tax, a value added tax, just like the rest of the industrialized world. just like Europe, just like everyone else. And at that moment, the working middle class, that hard working middle class will be poor. And that's the scam that's going on because that's where the money is. (08:24–08:35)
CLAIM
Asserts that the U.S. will implement a VAT tax by the end of the decade.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
