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Pelosi Endorses ‘Global’ Tax on Stocks, Bonds, and other Financial Transactions
CNSNews.Com ^ | December 07, 2009 | Matt Cover

Posted on 12/07/2009 9:47:12 AM PST by BradtotheBone

(CNSNews.com) – House Speaker Nancy Pelosi (D-Calif.) endorsed the idea of a “global” tax on stock trades and other financial transactions, saying the estimated $150 billion in annual revenue from such a tax could be used to help fund more stimulus spending.

At her weekly press briefing on Thursday, Pelosi said the financial transactions tax (HR4191) currently before Congress would have to be made “global” to keep U.S. investors from taking their business overseas and out of taxable reach.

The House speaker said that a transaction tax could be imposed in conjunction with congressional efforts to divert funds from the Troubled Asset Relief Program (TARP), with funds from both going to fund a second stimulus spending package. (The first stimulus bill, $789-billion, was signed into law by President Barack Obama on Feb. 13, 2009.)

“I believe that the transaction tax still has a great deal of merit,” Pelosi told reporters. “The concern that many of us or others have had is that it will send, it will send transactions overseas.


TOPICS: Breaking News; Business/Economy; Front Page News; Government
KEYWORDS: 111th; bhotaxincrease; christianright; democrats; demstaxes; economy; globalcommunism; globalcurrency; globaltax; hr4191; impeachobama; liberalfascism; military; newworldorder; nwo; obama; palin; pelosi; stimulus; tax; taxcheatparty; taxes
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1 posted on 12/07/2009 9:47:12 AM PST by BradtotheBone
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To: BradtotheBone
Why stop there?

Why not just confiscate all stocks and bonds?

All wealth rightly belongs to the government and government officials anyway.

2 posted on 12/07/2009 9:48:34 AM PST by E. Pluribus Unum (Islam is a religion of peace, and Muslims reserve the right to kill anyone who says otherwise.)
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To: BradtotheBone

Another reason to buy guns, ammo and gold and bury them in a treasure chest.


3 posted on 12/07/2009 9:48:46 AM PST by grumpygresh
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To: BradtotheBone

[it will send transactions overseas.]

Ya think? We’re trying to get our money out right now.


4 posted on 12/07/2009 9:49:52 AM PST by FastCoyote (I am intolerant of the intolerable.)
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To: BradtotheBone

Tax-free internet transactions will not last long.


5 posted on 12/07/2009 9:50:00 AM PST by ClearCase_guy (Play the Race Card -- lose the game.)
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To: BradtotheBone

Transferring money from the productive sector to the destructive/government sector. Insanity.


6 posted on 12/07/2009 9:50:30 AM PST by all the best
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To: all the best

So who collects, manages and distributes a global tax?


7 posted on 12/07/2009 9:51:48 AM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: BradtotheBone

One-world government is the ultimate goal of the statists, communists and Marxists who infest the U.S, and other countries, throughout the world.


8 posted on 12/07/2009 9:52:23 AM PST by Signalman
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To: BradtotheBone

Why not put a heavy tax on privately held Vineyards and hotels? Oh wait, Pelosi owns some of those. Can’t do that I guess.


9 posted on 12/07/2009 9:54:37 AM PST by RC2
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To: BradtotheBone

I’m waiting for them to tax the oxygen we breathe.

Someday there’s going to be a revolution and all these people are going to be swept away. I don’t have any idea when it’s coming, but it surely will.


10 posted on 12/07/2009 9:54:53 AM PST by Deo volente (Sarah Palin was right. There ARE death panels in the bill.)
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To: ClearCase_guy

Unless the money is going to Mexico.


11 posted on 12/07/2009 9:55:04 AM PST by massgopguy (I owe everything to George Bailey)
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To: Deo volente

They are going to be deposited into the dustbin of history. :-)


12 posted on 12/07/2009 9:57:06 AM PST by DarthVader (Liberalism is the politics of EVIL whose time of judgment has come.)
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To: E. Pluribus Unum

SO THE TAXING OF OUR RETIREMENT ACCOUNTS BEGINS!!

I have been predicting (along with many others) that the accumulated wealth of Americans in our 401Ks and IRAs would be too juicy a fruit for the THIEVES in WASHINGTON not to steal.


13 posted on 12/07/2009 9:58:25 AM PST by Jack Black
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To: BradtotheBone

Is anyone here shocked by any of this?

The New World Order is being built!

You and I are slaves to the political elitists and global handlers.

Now what? Voting has it’s possibilities. The election is one year away, way too long to wait IMHO.

In the mean time, every one of these power brokers have you and I by the balls. Do we shoot off their hands and loose our manhood, or do we remove them by other means?

There is very little time left to save our futures. It is obvious that the citizens of The United States are no longer represented by the traitors in office.

On the other hand, maybe Revelations is at hand. We may still have a choice or it just may be out of our hands.

I just don’t think that I can take this laying down.


14 posted on 12/07/2009 10:06:08 AM PST by gathersnomoss (General George Patton had it right.)
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To: Bobkk47

Sadly you’re 100% correct.


15 posted on 12/07/2009 10:09:36 AM PST by Dubya-M-DeesWent2SyriaStupid!
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To: BradtotheBone

“Pelosi Endorses ‘Global’ Tax”

Could have stopped there.


16 posted on 12/07/2009 10:11:49 AM PST by edcoil (If I had 1 cent for every dollar the government saved, Bill Gates and I would be friends.)
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To: grumpygresh

I’m not burying my guns and ammo in anything. If things get that bad it is time to use them, not bury them.


17 posted on 12/07/2009 10:12:14 AM PST by calex59
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To: BradtotheBone

We were warned...

The ONLY thing the usurper Obama did as a senator other than vote present and get all of his opponents off the ballot in Chicago to win.The MSM never reported on this.

Obama’s Global Tax Proposal Up for Senate Vote

http://www.aim.org/aim-column/obamas-global-tax-proposal-up-for-senate-vote/


18 posted on 12/07/2009 10:13:03 AM PST by Dubya-M-DeesWent2SyriaStupid!
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To: BradtotheBone

Of course, those higher-ups will be exempt.


19 posted on 12/07/2009 10:13:31 AM PST by wastedyears (You tell 'em I'm coming, and Hell's coming with me! - Wyatt Earp)
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To: grumpygresh

Bury them? Hell no! You put a spotlight on ‘em and shoot the SOB’s who come to steal them.

Check local laws though, baiting may be illegal in some areas...


20 posted on 12/07/2009 10:14:08 AM PST by Abathar (Proudly posting without reading the article carefully since 2004)
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