New tax vote in Dec. 2010
New tax vote in Dec. 2010 It's often said that "constant vigilance is the price we must pay for liberty." That dictum becomes more relevant every day. Before voting next week, every American should investigate HR-4646. Rep. Chaka Fattah (D. PA) sponsored HR-4646, which has been quietly introduced by Rep. Peter DeFazio (D. PA) and Sen. Tom Harkin (D. Iowa). The resolution requires a vote on or before December 23, 2010, and would impose a 1% tax on each and every financial transaction you and I make. That's "every financial transaction!" Simply put, when your paycheck is deposited, your bank must drawn off 1 percent to send to the government. When you transfer money from checking to savings, another 1 percent goes to Uncle Sam. When you pay your bills; take out a mortgage; buy or sell goods or services; or withdraw retirement funds, another 1 percent flies to the feds. Cash transfers are not immune. Incredibly, the current Administration and Democrat Congress "promise" to pay off the entire national debt (now nearly $13 Trillion) while deleting the current income tax structure within the next seven years. Are you buying that? The one percent solution www.snopes.com/politics/taxes/debtfree.asp H.R. 4646 Debt Free America Act www.govtrack.us/congress/bill.xpd?bill=h111-4646&tab=summary Democrat bill will tax all bank transactions www.wpcva.com/articles/2010/10/28/appomattox/opinion/letter30.txt
