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President Obama Is MIA on Fiscal Policy

Barry409 Wrote: Aug 19, 2012 10:54 AM
All should read HR 4646.. Transaction Fee..... in Committee already. SEC. 4501. IMPOSITION OF TRANSACTION FEE. `(a) In General- There is hereby imposed on every specified transaction a fee in an amount equal to 1 percent of the amount of such transaction. `(b) Specified Transaction- For purposes of this chapter-- `(1) IN GENERAL- The term `specified transaction' means any transaction that uses a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument. `(2) TRANSACTION- The term `transaction' includes retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions. `(c) Liability for Fee- Persons become liable for the fee at the moment...
Barry409 Wrote: Aug 19, 2012 10:56 AM
(Cont) the person exercises control over a piece of property or service, regardless of the payment method.

A 1% TAX INCREASE for everyone. This will hurt the middle class more than anyone else.
Conservativevoicetn Wrote: Aug 19, 2012 6:16 PM
Imposed at every level of commerce this quickly becomes more than just a 1% fee. Talk about your middleman markup.
 feel like a pendulum this election season. Something will happen that makes me want to eviscerate Obama’s statist policies and I’ll write a foaming-at-the-mouth post warning that the President is turning America into Greece.

But then Romney will do something odious and I’ll sound the warning sign with a we-don’t-need-another-big-spender-like-Bush post.

Today, it’s Obama’s turn on the chopping block. I went on Neil Cavuto’s Fox Business News program and commented on the fact that the President doesn’t have a fiscal plan.

We started by discussing the President’s failure to embrace the

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