In it, but not of it. TPM DC

Cantor Dismisses Budget Fixing Proposal Because It Sounds Too European

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Newscom

The plan would replace some corporate and income taxes with a 6.5% sales tax "as well as an excise tax on sugar drinks like soda." Proponents told the Journal the sales tax "was a good way to go rather than try to put more burden on an income tax," a concept which doesn't sound especially European on its face. In fact, it sounds a lot like the so-called "fair tax" national sales tax plan conservatives have been pitching for years.

Cantor sees it differently. The proposal sounds like a value added tax to him. And that's, well, you know.

Cantor, according to the Journal, said lawmakers "wouldn't support VAT-type tax because its ties to Europe might make it politically poisonous in Washington."

"I don't think any of us want us to go the direction of the social welfare states around the world," Cantor said.