Saturday, October 23, 2010


The bill is
HR-4646 introduced by US Rep Peter DeFazio D-Oregon and US Senator Tom
Harkin D-Iowa.  It is now in committee and will probably not be
brought out until after the Nov. elections. Suggest that you pass this
along and also to your state Senator and Representative and US
Congressman and Senators.
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 transactions at any financial
institution i. e. Banks, Credit Unions, etc.. 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. Keep y our
eyes and ears open, you will be amazed at what you learn.Some will say aw it's just 1%... remember once the tax is there they
can raise it at will.
See what Nancy has to say about this wonderful idea!

1 comment:

  1. Ludicrous! They want to tax it when it goes in, when it moves around, when it's withdrawn? If it's over a certain amount of my own money withdrawn it can also be taxed as income! The Government needs to get their hands out of our pockets and dig into their own! There is plenty of money being sent to the Capital, we just need a Congress that doesn't dream in dollar signs to appropriately allocate said money.