JUST WHAT WE DO NOT NEED.
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. Also D-PA, Fattah.
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. According to this page it is…. H.R. 4646 – Summary: Debt Free America Act (GovTrack.us)
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