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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 transaction at any financial institution i. e. Banks, Credit Unions, extra. 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.

1 posted on 08/22/2010 1:39:51 PM PDT by GailA
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To: GailA

Stark, raving mad. Get this senile old coot out of Congress.


2 posted on 08/22/2010 1:42:03 PM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: GailA

stealth VAT


3 posted on 08/22/2010 1:42:14 PM PDT by barmag25
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To: GailA

Are you suggesting that Barry will impose this through executive fiat (executive order)?


4 posted on 08/22/2010 1:44:48 PM PDT by sauropod (The truth shall make you free but first it will make you miserable.)
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To: GailA
...pay for investments in global health, climate change mitigation and affordable child care...

STOP SPENDING OUR F***ING MONEY!!

6 posted on 08/22/2010 1:45:38 PM PDT by FReepaholic (The problem is they do not fear us.)
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To: GailA

CALIFORNIA! PLEASE DO SOMETHING! AMERICA NEEDS SOME RELIEF FROM THESE KOOKS!


7 posted on 08/22/2010 1:46:24 PM PDT by FlingWingFlyer (DemocRATS! America's Taliban!)
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To: GailA

People will then demand payment in cash.


8 posted on 08/22/2010 1:50:39 PM PDT by reg45
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To: GailA

These bozos are real good at dreaming up new taxes.


9 posted on 08/22/2010 1:51:02 PM PDT by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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To: GailA

How do we allow the criminally insane to run our country into the ground while we sit and watch.


10 posted on 08/22/2010 1:51:20 PM PDT by ronnie raygun (We are our founding fathers keepers)
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To: GailA

What? 48 percent of what I earn isn’t enough? I presume this is a tax on incoming AND outgoing funds, which makes “1%” a lie. It’s already double that if you take your money out. All I would do is cash my check. I have enough well-armed family for security.


12 posted on 08/22/2010 1:53:45 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: GailA

Stark seems bound and determined to get to the very top of the proscription list, if he isn’t already!


13 posted on 08/22/2010 1:54:21 PM PDT by JDoutrider
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To: GailA

Time to charge these loons with treason for deliberately trying to destroy the United States. They know better. These schemes are NOT done in ignorance, but with malice aforethought.


14 posted on 08/22/2010 1:56:26 PM PDT by sourcery (Obama is so conceited, he probably thinks that the 'Zero' in 'Ground Zero' refers to him!)
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To: GailA

The UTTER LIE is the concept that these Brokers and Bankers will ‘pay’ that tax.

It will be passed on to the consumer, as it always is.


15 posted on 08/22/2010 1:56:26 PM PDT by UCANSEE2 (The Last Boy Scout)
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To: GailA

After all, decades of buying votes gets expensive!!


17 posted on 08/22/2010 1:57:10 PM PDT by Oldpuppymax
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To: GailA

If anything could turn a recession into a Mega-Depression, that would be it.


18 posted on 08/22/2010 2:02:10 PM PDT by reg45
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To: GailA

How about we eliminate 50% of federal government jobs and eliminate all pensions that would pay retired govt employees more than $35K per year?

I think it would be a good start.


19 posted on 08/22/2010 2:02:50 PM PDT by Constitutional Patriot (Socialism is the cancer of humanity.)
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To: GailA
"Among groups supporting the bill are ActionAid, Friends of the Earth, RESULTS, Health GAP (Global Access Project), Sustainable Energy and Economy Network at the Institute for Policy Studies, and Africa Action."

A noticably right wing group of nutter don't you think? /sarc

21 posted on 08/22/2010 2:08:17 PM PDT by I am Richard Brandon
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To: GailA

I hope they try. Just let them try.


22 posted on 08/22/2010 2:08:28 PM PDT by Mamzelle (Cameras, cameras--never forget to bring your cameras)
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To: GailA

The federal government, led by democrats and totalitarians like Stark, continues to look for an action that is so outrageous, people’s response will create an excuse for martial law.


25 posted on 08/22/2010 2:21:56 PM PDT by Tax Government (We ask nothing except that our elected representatives uphold the Constitution.)
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To: GailA
From the linked article, Among groups supporting the bill are ActionAid, Friends of the Earth, RESULTS, Health GAP (Global Access Project), Sustainable Energy and Economy Network at the Institute for Policy Studies, and Africa Action

Of course these tax consumer groups support this tax. I cannot conceive of a tax they would not support: driveway taxes, value-added taxes, sin taxes, currency transaction taxes, carbon taxes or cap-and-tax: any kind of taxes. Tax consumers are growing increasingly desperate as they see an ever-increasing share of current government revenues disappearing into the fiscal black hole of bloated civil serpent compensation and benefits packages as well as pensions, which have to be paid out before all other claims on the public treasury. Critical "social service" spending in some states is already being pared back as government revenues decline. This could easily devolve into a war on the left, as traditional democrat clients see food stamp and other programs cut as civil serpent pay soars.

We're going to see a blizzard of proposals for new fees, taxes, etc, in upcoming years. Our only recourse is to fight every single one of them, even those advanced for a seemingly worthy purpose (a favorite tactic of our rulers at the local level is to put forward proposals for taxes earmarked for expenditures they think the public will support (e.g., libraries, senior centers, athletic facilities for schools) instead of prioritizing and paying for needed items out of already enacted revenue flows. (Of course, that might mean that the public employees might not get an 8% raise this year.)

STARVE THE BEAST!

27 posted on 08/22/2010 2:23:18 PM PDT by Spartan79 (Malo periculosam libertatem quam quietam servitutem.)
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To: GailA

this is also another swipe at the people who put some of their cash into gold before 0bama cut the value of the dollar by 50%


31 posted on 08/22/2010 2:47:41 PM PDT by sten
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