"This is a 1% tax on all transactions at any financial institution - banks, credit unions, savings and loans, etc. Any deposit you make, or even a transfer within your account, will have a 1% tax charged.
"~If your paycheck or your social security or whatever is direct deposit, it will get a 1% tax charged for the transaction.'
Snopes has this:
From Peter DeFazio: Learn the Truth about H.R. 4646
The point of all this is that though this bill is a non-starter, it was still put forth by a liberal in Congress. With Democrats something like this will always be waiting in the wings and if they rule Congress for any length of time you can expect anything.
We all may look at what Democrats have done to California and learn from that, but leftists do not learn.
If they made the entire nation one big California, they would never acknowledge their failure; they would only look elsewhere to fix the blame.
For corroboration I refer you to the transcript of any Obama speech.
Hat tip to Joy from Garibaldi, Oregon who keeps me up to date on the latest rumors.
"~If your paycheck or your social security or whatever is direct deposit, it will get a 1% tax charged for the transaction.'
Snopes has this:
From Peter DeFazio: Learn the Truth about H.R. 4646
From Wikipedia: "On February 23, 2010, Fattah reincarnated the bill as the "Debt Free America Act," (H.R. 4646) which proposed to repeal the federal income tax and replace it with 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.[5] The latest bill places more focus on eliminating the federal debt. Fattah has also added a 1 percent tax credit designed to eliminate the impact of the measure on couples making less than $250,000 a year. As of Sept. 5, 2010, none of the House committees have scheduled any action on the latest bill."This is email is false. I do not support and have never supported this legislation. H.R. 4646 was introduced in 2010 by Rep. Chaka Fattah (pictured at right) of Pennsylvania, and has no cosponsors. I oppose this bill because it wrongly taxes all financial transactions, rather than just focusing on the Wall Street speculators who got us into this current economic mess. Americans making normal day-to-day transfers of money should not be subject to a tax on those transactions.
Chakka Fattah
The point of all this is that though this bill is a non-starter, it was still put forth by a liberal in Congress. With Democrats something like this will always be waiting in the wings and if they rule Congress for any length of time you can expect anything.
We all may look at what Democrats have done to California and learn from that, but leftists do not learn.
If they made the entire nation one big California, they would never acknowledge their failure; they would only look elsewhere to fix the blame.
For corroboration I refer you to the transcript of any Obama speech.
Hat tip to Joy from Garibaldi, Oregon who keeps me up to date on the latest rumors.
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