Obama will never stop till he destroys us.!!!One percent transaction tax is proposed
President Obama's finance team is recommending a transaction tax. His plan isto 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
So, does everything that Congress deliberates on automatically become Obama's plan, even when it hasn't even been signed into law? The 1% transaction fee is in the Debt Free America Act H.R. 4646, and was sponsored by Rep. Chaka Fattah. It doesn't even have a co-sponsor, and was immediately referred to committee.
It also aims to end Federal income tax.
At least some people are attempting to address your growing deficit. Can you name any other proposed bills with the express intent to reduce your deficit?