Jerry Johnson's article on bill HR464...

Jerry Johnson's article on bill HR4646 is bogus..............

Posted in the Troup County Forum

rminvalley

Valley, AL

#1 Apr 18, 2012
I read up on this using snope.com

false

This bill has been proposed by one congressman from Pennsylvania almost every year since 2004. President Obama and the rest of congress are NOT on board with this bill, never have been.

The bill, if enacted, would only apply to people with incomes over $250,000 a year. Everyone else would be exempt.

I highly doubt this bill will ever become law, mainly due to the banking industry lobbying so hard against it. Banks would have to collect the money, keep track of the money and disburse it to the government. They already have too many regulations to keep up with.

I wish people would check out the facts passing these emails on and getting everyone worked up over nothing.

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