One percent transaction tax is proposed "President Obama's finance team is recommending a transaction tax. His plan is to sneak it in after the November election to keep it under the radar. This is a 1% tax on all transaction(sic) at any financial institution i. e. Banks, Credit Unions, extra. Any deposit you make, or move around within your account, i. e. transfer to, will have a 1% tax charged. If your pay check or your social Security or whatever is direct deposit, 1% tax charged. If you hand carry a check in to deposit, 1% tax charged, If you take cash in to deposit, 1% tax charged.This is from the man who promised that if you make under $250,000 per year, you will not see one penny of new tax." Emphasis added. Hat tip to Janie Sanford, California.
The Tainted Transaction Tax "Even if Congress could somehow “exempt” individuals with a refund, institutions would still have to pay the tax. Mutual funds, which conduct million of trades every year, will be forced to pass along these costs to investors in higher management fees or lower returns or both. This is why Dr. Litan correctly labeled the transaction tax a “direct hit on Main Street investors.” " Forbes
Lanny Davis Calls For A ‘Transaction Tax’ "One idea for raising taxes to pay down the debt is the bill introduced this February by Rep. Chaka Fattah (D-Pa.). His "Debt Free America Act" (H.R. 4646) would impose a 1 percent "transaction tax" on every financial transaction — whether paid by cash, credit card or any form of financial transfer, the only exception being transactions involving the purchase or sale of stock. Theoretically, everyone would pay one cent on the dollar for every such transaction in America every day — whether $3 million on a $300 million business acquisition, $300 on the purchase of a $30,000 car, or $5 on a $500 ATM withdrawal."
H.R. 4646: Debt Free America Act "To establish a fee on transactions which would eliminate the national debt and replace the income tax on individuals." http://www.govtrack.us/
Sunday, August 29, 2010
‘Islam Idiots’?
Victor Davis Hanson "And while Rauf the contemplative Sufi philosopher has a disturbing record of contextualizing 9/11, bin Laden, and Hamas, he has no need of nuance when it comes to America. He can be quite forthright in criticizing the United States for its perceived and apparently singular global transgressions — though he is quiet about far greater Russian and Chinese anti-Muslim violence. He claims he is for free expression, even when it so obviously offends tens of millions of Americans; but he has no problem criticizing the Danish cartoonists for their supposedly unnecessary and gratuitously offensive drawings. In a variety of ways, he has praised the Iranian Revolution, whose end result is horrific violence against women, homosexuals, democrats, and dissidents of any stripe, whether novelists abroad or reformers at home."
Top Muslims Condemn Ground Zero Mosque as a 'Zionist Conspiracy' "Westernized Muslims, on the other hand, have learned that they can get away with almost anything — so long as they slap the words "tolerance," "pluralism," "dialogue," or "bridge-building" to their endeavors, as the 9/11 mosque supporters do regularly. In short, a correlation exists between how well or how little a Muslim knows the West, and how aggressive or passive their Islamism becomes.
"Moreover, religious buildings are seen as symbols of supremacy by many Muslims; hence the reason mosques are ubiquitous to the Muslim world whereas churches are all but — and in some Muslim nations totally — banned."
Raymond Ibrahim is associate director of the Middle East Forum, author of The Al Qaeda Reader, guest lecturer at the National Defense Intelligence College (Washington, D.C.), and deputy publisher of the Middle East Quarterly.
Top Muslims Condemn Ground Zero Mosque as a 'Zionist Conspiracy' "Westernized Muslims, on the other hand, have learned that they can get away with almost anything — so long as they slap the words "tolerance," "pluralism," "dialogue," or "bridge-building" to their endeavors, as the 9/11 mosque supporters do regularly. In short, a correlation exists between how well or how little a Muslim knows the West, and how aggressive or passive their Islamism becomes.
"Moreover, religious buildings are seen as symbols of supremacy by many Muslims; hence the reason mosques are ubiquitous to the Muslim world whereas churches are all but — and in some Muslim nations totally — banned."
Raymond Ibrahim is associate director of the Middle East Forum, author of The Al Qaeda Reader, guest lecturer at the National Defense Intelligence College (Washington, D.C.), and deputy publisher of the Middle East Quarterly.
Travelling light, Obama-style: 20-vehicle convoy, SWAT team, Air Force One and nuclear codes accompany him on holiday
UK Daily Mail This has been typical of the security given to all recent presidents and not to just Mr. Obama. The only thing peculiar to an individual president is where he chooses to vacation and how often. And what about if the First Couple splits up, going in two different directions? TD
When Do We Get A Vacation? "Obama still is on vacation. Goodly for him.
"When do we get a vaction from the Democrats' relentless expansion of the federal government into every facet of our lives? The massive pieces of legislation passed in the past 18 months were just the opening shots. Now come the regulations and the Executive Orders, which will take place regardless of what happens in November."I don't know about you, but this August has been anything but relaxing. He's resting up, and we're on the verge of exhaustion." Le·gal In·sur·rec·tion
Republicans: Boehner's Pro-Growth Message
Larry Kudlow "Instead of playing it safe, it looks like Republicans intend to be aggressive in changing the statist, government-planning, socialist-lite agenda of President Obama, Majority Leader Harry Reid, and House Speaker Nancy Pelosi. It sounds like the new Republican party intends to end the ongoing war against private-capital investment, entrepreneurial rewards, free-market incentives, and private business that is plaguing the economy and sapping the strength of the recovery.
"In a little over two months, the election will take place. In a little over four months, the 2003 tax cuts will expire. And in just a few weeks, congressional Republicans will presumably put more meat on the bones of their new platform. John Boehner’s Cleveland speech was a very encouraging beginning. Now let’s see if the Republican’s next step will truly provide some much needed optimism to the economy and body politic*."
*Body politic - Wikipedia, the free encyclopedia A body politic refers to the people of a nation, state or country considered collectively as a body of organized citizens."
"In a little over two months, the election will take place. In a little over four months, the 2003 tax cuts will expire. And in just a few weeks, congressional Republicans will presumably put more meat on the bones of their new platform. John Boehner’s Cleveland speech was a very encouraging beginning. Now let’s see if the Republican’s next step will truly provide some much needed optimism to the economy and body politic*."
*Body politic - Wikipedia, the free encyclopedia A body politic refers to the people of a nation, state or country considered collectively as a body of organized citizens."
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