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Contributor
All, We the people have got to watch out for this kind of taxation. I checked this out on Truth or Fiction and it appears as being true. 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 your 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. http://www.standard.net/node/44797

1 REPLY

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Unless we get ourselves, neighbors and friends out to vote in November, we only have ourselves to blame. DeFazio is my congressman and doesn't care for my e-mail questions. Unfortunately I live in a tremendously "progressive" area and there is no chance of voting him out.