H. R. 4646 "Debt Free America Act."
Posted in the Missouri Forum
#1 Oct 16, 2010
One percent transaction tax is proposed
President Obama's finance team is recommending a transaction tax. The plan is to 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 administration that promised if you made under $250,000 per year, you would not see one penny of new tax. Keep your eyes and ears open, it's amazing what you'll learn. Some may say aawww ... it's just 1%-- remember the tax is cumulative (ongoing) and, once in place, it can be raised at will.
[HR-4646 was introduced by US Rep Peter DeFazio D-Oregon and US Senator Tom Harkin D-Iowa. It is now in committee and will probably not be brought out until after the November elections. Contact these individuals as well as your state senator and representative and US Congressman and Senators.
This can be verified this at Snopes.com
H. R. 4646 has been given the "Short Title" of "Debt Free America Act."
Example: If you deposit $5,000.00 into your checking account or savings account the bank has to take out 1% or $50.00 of that money and send it to Washington. Then, for any checks or cash you deposit or take out of your bank from that point on will have deduct 1% deducted from what is still in the bank and send it to Washington.
According to this bill, spells everyone will pay the Government 1% of their gross income.
Page 9 of the bill states that the House and Senate shall convene not later than November 23, 2010 and Page 11 states the vote on passage shall occur not later than December 23, 2010.
CONTACT YOUR CONGRESSMAN AND SENATOR AND TELL THEM TO VOTE "NO" ON THIS BILL.
It will affect "everybody" that uses a bank, and we need to contact our congressperson and ask that they vote "no" on this bill.
#2 Oct 20, 2010
What does Snops say?
Saint Paul, MN
#3 Oct 20, 2010
FactCheck.org and many other sites say this is bullshit. For some reason I never get email from my liberal friends that fails a fact check, but it happens at least once a week from my conservative friends. Are they unable to use Google to check facts or are they spreading disinformation deliberately?
The truth is that one congressman has supported this idea, and he wants to repeal the income tax and use the transaction tax to replace it. No chance it will ever go anywhere and Obama has shown no support for this at all. Anyone saying anything different is either spreading lies on purpose or they are too damn stupid to use Google and do five minutes of research.
#4 Oct 20, 2010
What I have read on this says it is in Congress, but no one expects it to pass.
#5 Nov 24, 2010
Actually H.R. 4646 is real and on the fast track.
#6 Apr 19, 2013
American Act is the American dream. Please, no lies anymore. Be honest.
#7 Apr 19, 2013
Now, I see what it is going on. The Dream Act is the American dream. What??? I did not know. That's discrimination. You are giving only to illegals and not me. I am an American Citizen. where is mine? Not fair.:)
#8 Apr 19, 2013
Well, no thanks to the American Act or the American Dream. I have better than things than American Dream or American Act. It is God the foremost and important that I thought United States is the promised land when I learned it is not. United States is not the promiseed land. That's fine. Let the American Dream move on. It is okay. I am just letting you know that I thought it was the promised land.
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