Page 780 - Baker News Today

Path was. this has been a wonderful destination. is it the real deal? >> its the real deal. >> in a tough economy, its got to show that desserts tend to go up in terms of sales or bare minimum stay steady. were part of the dessert industry and particularly, specifically, this cupcake craze. so it seems as the economy tanks or is in a downward trend, this becomes one of those affordable luxuries. well, welcome. im big man bakes. we were at a party. and someone was trying my carrot cake. people wa...

Really significant chunk of revenue, value-added tax is the only option. >> reporter: even former fed chairman paul volcker one of the presidents outside advisors recently said v.a.t. is not as toxic an idea as it used to be but neither the president or another public official embraced the idea. v.a.t. is a sales tax but collected in stages. take bread, for instance. >> when the farmer grows the wheat, sells it to the baker, the value-added tax on that. when the baker makes it into something, se...

>> even former fed chairman recently said a vat is not as toxic an idea, but neither the president nor any other official embraced the idea. a vat is a sales tax, but collected in stages. take bread, for instance. >> when the farmer grows the wheat, sells it to the baker, there is value added tax on that. when the baker makes it into something and sells it to a grocery store, there is value added tax. when the grocery store sells it to the store, there is a value added tax. >> it means the poor ...

So he started out on a medical track but soon found himself on the path to becoming a master baker. >> yes. chip brown is his name. when you see him, youre going to say that doesnt really look like a baker, if you will. but this is his passion and now hes making cupcakes and its grown into a recessionproof business. >> so this is what a red velvet should look like. im chip brown, also known as big red bakes. were frosting. in college i worked in a hospital emergency room, in social services as a...

There is a value added tax. when the baker sells it to the grocery store there is value added tax, when the store sells it to an individual, this a value added tax. >> reporter: 25% in some of the scanned favorran countries. jon: if it were imposed here wait be instead of the income tax or in addition to the income tax? >> that is the controversy. the poor and wealthy pay the same tax on every product, but you get different views whether it should be on top of the income tax. >> you would not wa...

Whats coming. >> the value added tax is becoming a hot topic because people are realizing the deficit is so big, if politicians arent willing to cut spending by raising tax rates on the rich wont provide enough. >> reporter: paul volcker who is one of the presidents economic advisors says that is not as bad an idea as it used to be. jon: every time i go to europe i get the valley added tax -- i vet the value added tax receipt. i dont understand how it works. >> reporter: its a national sales tax...

But neither the president or any other official has embraced the idea as least not yet. megyn: mani people say they are considering it citing volcker and others. what is a value added tax? >> reporter: you did a good job, i know people who are more informed about this than either one of us its a national sales tax imposed at every stage of production. a good example would be bread. listen to this. >> when the farmer grows the wheat, sells it to the baker, the value added tax on that, when the ba...

Really significant chunk of revenue, value-added tax is the only option. >> reporter: even former fed chairman paul volcker one of the presidents outside advisors recently said v.a.t. is not as toxic an idea as it used to be but neither the president or another public official embraced the idea. v.a.t. is a sales tax but collected in stages. take bread, for instance. >> when the farmer grows the wheat, sells it to the baker, the value-added tax on that. when the baker makes it into something, se...

Thursday, guess what? a big batch of sand tart cookies were onboard. the co-owner of the italian cafe in texas says she is the baker behind these space cookies. they say dont eat on radio or tv, so i wont but we will show how wonderful they are. this is about the best promotion they can get in an astronaut out of this world. these are ouft this world. >> yeah, i have been saying that all this time, my cookies are out of this world. >> how long have you been baking these cookies? are these your f...

Guilty pleas in a hadley, massachusetts courtroom. those three and another three are charged with bullying phoebe prince. theyre charged with harassing prince. prince hanged herself in january. prosecutors say she went through unrelenting bullying for three months by six teens. and then there were 13. a bakers dozen. 13 states claimed to plaintiffs claiming uncle sam has gotten too big for his britches.