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Transcripts For FOXNEWS Americas Newsroom 20100708

so whether you buy a couple of coffee or a brand new car, you re going to pay a little extra to the u.s. government, and even taking your own money out of your own bank account at an atm could cost you, that s right, 1 percent more under this new law. martha: this may sound strikingly similar to the vat tax used in england and other countries and it cost them a lot of money. is that what s coming here? stuart varney joins us, he s the anchor of varney & company on the fox business network. stuart, welcome, good to have you here. this idea was launched by a democratic congressman from pennsylvania and written about by lanny davis in an editorial. lanny davis worked wither skin bowles in the clinton administration. it raises the question are we starting to get the form from this debt commission, are they starting to float out there some of these ideas that they may actually try to put into action? that s precisely what s happening and we ve been talking about it for months. w

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