HR 4646 – ONE OF THE MOST SOCIALISTIC BILLS WE’VE SEEN THUS FAR FROM THIS HORRID REGIME!
H R. 4646
[UPDATE 4-12———> THIS BILL IS DEAD. Click HERE to learn more about HR 4646. We can bet they will bring this up again, under a different guise. There’s too much money involved for those evil beasts to just let it go.]
WE CANNOT TAKE OUR EYES OFF THEIR ACTIVITIES FOR ONE SECOND! BE DILIGENT CITIZENS! IT IS YOUR DUTY AS AN AMERICAN. THEY’VE GOT THE PEDAL TO THE METAL NOW THAT THEY ARE CLOSE TO LOSING THEIR COUP. THEY HAVE WORKED TOWARD THE ULTIMATE COUP, OVERTHROWING THE UNITED STATES OF AMERICA, AND THEY’RE NOT GOING TO GIVE UP EASILY. AS THE SAYING GOES… “DROWNING MEN HANG ON TIGHT.”
(I use the term “Men” loosely. These are not “Men” at all. They are EVIL SOCIALIST VERMIN.)
This bill, which has been given the “Short Title” of “Debt Free America Act.”, is the most socialistic thing I have ever read. Just think, 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, any checks or cash you take out of your bank they will deduct 1% from what is still in the bank and send it to Washington. Total put in the Bank $5,000.00. $100.00 of that you give to Washington.
This bill, spells it out that everyone will pay the Government 1% of their gross income.
Page 9 states 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.
SEND THIS TO EVERYONE YOU KNOW AND EVERYONE NEEDS TO CONTACT THEIR CONGRESSMAN AND SENATOR AND TELL THEM TO VOTE NO ON THIS BILL.
If you don’t know who your Congressman or Senator is, go to Google, type in “(your state) Congressman email address”. When it comes up, click on “Complete E-mail address for Congress/House, Senate, Governors and get both e-mail and FAX info.
The bill is HR-4646 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 Nov. elections. Suggest that you pass this along and also to your state senator and representative and US Congressman and Senators.
One percent transaction tax is proposed.
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 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 “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.
Some will say, it’s just 1%… remember once the tax is there they can raise it at will.
Bill Summary & Status
111th Congress (2009 – 2010)
Title: Debt Free America Act
Sponsor: Rep Fattah, Chaka [PA-2] (introduced 2/23/2010) Cosponsors (None)
Related Bills: S.2965
Latest Major Action: 2/23/2010 Referred to House committee. Status: Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, Rules, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
SUMMARY AS OF:
Debt Free America Act – States as purposes of this Act the raising of sufficient revenue from a fee on transactions to eliminate the national debt within seven years and the phasing out of the individual income tax.
Amends the Internal Revenue Code to impose a 1% fee, offset by a corresponding nonrefundable income tax credit, on transactions that use a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument. Defines “transaction” to include retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions.
Establishes in the legislative branch the Bipartisan Task Force for Responsible Fiscal Action to review the fiscal imbalance of the federal government and make recommendations to improve such imbalance. Provides for expedited consideration by Congress of Task Force recommendations.
Repeals after 2017 the individual income tax, refundable and nonrefundable personal tax credits, and the alternative minimum tax (AMT) on individuals.
Directs the Secretary of the Treasury to: (1) prioritize the repayment of the national debt to protect the fiscal stability of the United States; and (2) study and report to Congress on the implementation of this Act.