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...