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Obama 1% on ALL bank transactions tax+Biden charges rent to Secret Service $2200/mo.

+ $0 check for WTC worker with cancer

http://www.politifact.com
"No family making less than $250,000 will see "any form of tax increase." "I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."

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this site is also owned by a Dem.
http://www.truthorfiction.com/rumors/d/debt-free-America-act.htm
[color=#000080" size="4]A Proposed 1% Tax On All Financial Institution Transaction-[/color][color=#008000" size="4]Mostly Truth![/color] Summary of the eRumor:
This is a forwarded email that says President Obama's finance team is planning to impose a 1% tax on all transactions conducted in financial institutions and that they plan to sneak it in after the November election.

The Truth:
[color=#000080" size="2]There is a Congressional House Bill, HR-4646, the Debt Free America Act that was introduced in Congress on February 23, 2010, but we have not found any evidence that the bill is being snuck in by any finance team members as the eRumor alleges. [/color] [color=#000080" size="2]The bill was sponsored by Democratic Congressional Representative Chaka Fattah of Pennsylvania and says that it is to "establish a fee on transactions which would eliminate the national debt and replace the income tax on individuals." Fattah has a description of the bill along with a press release posted on his Congressional web site. Fattah is a member of the House Appropriations Committee, not President Obama's finance team.[/color] [color=#000080" size="2]The Thomas Library is the official site where legislative bills are posted and progress can be monitored. The bill can easily be found and currently the Thomas Library site shows that the Debt Free America Act is in the House committee and then will be referred to the Committee on Ways and Means, the Committees on the Budget, Rules, and Appropriations. Click here for the Thomas Library for text and status of the bill. [/color] [color=#000080" size="2]This is a single sponsor bill and speculators doubt its passage.[/color] [color=#000080" size="2]The Debt Free America Act HR-4646 can also be found at the Govtrack US site, a civic project that tracks legislative activity. Click for Govtrack.us information on HR-4646.[/color] updated 09/9/10

A real example of the eRumor as it has appeared on the Internet: DID YOU KNOW............. 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 transaction at any financial institution i. e. Banks, Credit Unions, extra. 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.
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http://www.snopes.com/politics/taxes/debtfree.asp
The One Percent Solution Claim: The U.S. government is proposing a 1% tax on debit card usage and/or banking transactions.

[color=#37628D" size="5]MIXTURE OF TRUE AND FALSE INFORMATION[/color]
Examples: [Collected via e-mail, July 2010]

The Transaction Tax! WHAT THE HELL IS THIS??

President Obama's finance team and Nancy Pelosi are recommending a 1% transaction tax on all financial transactions.
It is true. The bill is HR-4646 introduced by US Rep Peter deFazio D-Oregon and US Senator Tom Harkin D-Iowa.
Their plan is to sneak it in after the November election to keep it under the radar.
See what Nancy has to say about this wonderful idea!
http://tinyurl.com/24dn5ud
It's only 1%! This is a 1% tax on all transactions to or from any financial institution i.e. Banks, Credit Unions, Mutual funds, Brokers, etc.
Any deposit you make will have a 1% tax charged.
Any withdrawal you make, 1% tax.
Any transfer within your account, a transfer to or from savings and checking, will have a 1% tax charged.
Any ATM transaction, withdrawal or deposit, 1% tax.
If your pay check or your Social Security is direct deposited, 1% tax.
If you carry a check to your bank to deposit, 1% tax.
If you take cash in to deposit, 1% tax.
If you receive any income from a bond or a dividend from stock, 1% tax.
Any Real Estate Transaction, 1% tax.
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! Remember, he is completely honest and trustworthy.
Keep your eyes and ears open.

Folks, Nancy says this would be a minimal tax on the people, but 1 percent every time you pay a bill or make a deposit is not minimal. This would no doubt tax investment transactions as well as bank account transactions.
This woman is nuts!!!
If you know someone in California get this to them!

While at the checkout of Wal-mart in Greeneville, TN I heard that in the future the government may be planning to place a 1% tax on people using debit cards at the check out.

I have heard discussion and seen on emails the fear that the Obama administration is going to pass a 'banking tax' that will take 1% of each deposit and 1% of every transaction out of a bank account.


Origins: Some members of Congress have what might be termed "hobby horse" issues: concepts about which they introduce legislation in Congress after Congress, although their bills never come close to passing, or even clear committee to be put to votes in the first place. The hobby horse of Representative Chaka Fattah of Pennsylvania is the notion of eliminating all federal taxes on individuals and corporations and replacing them with a revenue-generating system based on transaction fees (a concept he originally called the "Transform America Transaction Fee" and now refers to as the "Debt Free America Act").

In 2004 Rep. Fattah presented a bill calling on Congress to fund a study regarding the replacement of the federal tax code with a transaction fee-basedsystem (H.R. 3759), he introduced a similar bill in 2005 (H.R. 1601), again in 2007 (H.R. 2130), and again in 2009 (H.R. 1703). None of these bills was ever put to a vote, and only one of them had so much as a single co-sponsor.

In 2010, Rep. Fattah moved beyond proposing studies and submitted the Debt Free America Act (H.R. 4646), a bill calling for the implementation of a scheme to pay down the national debt and eliminate federal income tax on individuals by imposing a 1% fee on specified financial transactions:One idea for raising taxes to pay down the debt is the bill introduced this February [2010] by Rep. Chaka Fattah (D-Pa.). His "Debt Free America Act" (H.R. 4646) would impose a 1 percent "transaction tax" on every financial transaction — whether paid by cash, credit card or any form of financial transfer, the only exception being transactions involving the purchase or sale of stock. Theoretically, everyone would pay one cent on the dollar for every such transaction in America every day — whether $3 million on a $300 million business acquisition, $300 on the purchase of a $30,000 car, or $5 on a $500 ATM withdrawal.Specifically, the text of the bill states that:The purpose of [the transaction fee] is to establish a fee on most transactions. Such [a] fee:
[list=1][*] is different than a sales tax in that a sales tax is charged only on sales to the final consumer, [while] the transaction fee would apply to intermediate users as well as end users [/*][*] is different than a value added tax (VAT), commonly used in European and other countries, in that a VAT is imposed only on a portion of a transaction's value (roughly the difference between an item's selling price and its cost), [while] the transaction fee would apply to the entire amount of the transaction[/*]

  • is intended to raise sufficient revenue to eliminate the national debt, which was $10.6 trillion in January 2009, during a period of 7 years, and to phase out the income tax on individuals.
  • [/list]
    [This bill would] impose on every specified transaction a fee in an amount equal to 1 percent of the amount of such transaction.

    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.

    The term 'transaction' includes retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions.

    Persons become liable for the fee at the moment the person exercises control over a piece of property or service, regardless of the payment method.(The bill provides for individuals earning $125,000 or less to receive a credit equal to 1% of their income against the tax, and it gives the Treasury Department discretion to exempt certain transactions on which lower-income people disproportionately rely.)

    Like Rep. Fattah's other Congressional efforts along these lines, his Debt Free America Act has no sponsors other than himself, has been languishing in committee ever since it was introduced, and has about as much chance of passing as a snowball does of surviving hell. Thus, although e-mailed warnings about a "1% transaction tax" do reference a real piece of proposed legislation, the amount of attention those warnings have garnered vastly, vastly outstrips any real possibility that such legislation will actually be enacted.

    Moreover, some of the additional details contained with such e-mailed warnings are erroneous:
  • Neither "President Obama's finance team" nor Nancy Pelosi is "recommending a 1% transaction tax." The proposal for the Debt Free America Act is purely the effort of a single congressman, with no outside support.
  • Neither Representative Peter DeFazio of Oregon nor Senator Tom Harkin of Iowa introduced the Debt Free America Act, co-sponsored it, or has publicly supported it.
  • [*] The included link that supposedly shows Nancy Pelosi endorsing the Debt Free America Act antedates the introduction of that bill to Congress; her comments actually refer to a different, earlier transaction tax proposed in December 2009 by Rep. Peter DeFazio. That bill, known as the "Let Wall Street Pay for the Restoration of Main Street Act" (H.R. 4191), called for the funding of investment in middle class jobs by levying small percentage value taxes on the buying and selling of stocks, futures, swaps, options and other securities. (Although Rep. DeFazio's bill had 31 co-sponsors, it too has since languished in committee without being brought to a vote.)[/*][/list]Last updated: 10 July 2011
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    "Fun" to see what they said in the past, circa 2010.......Soro's Annenberg PPC flatly said 'no'. Others said 'mostly false' or 'yes and no but mostly no'...

    http://www.factcheck.org/2010/09/1-transaction-tax/

    1% Transaction Tax September 8, 2010
    Q: Is "Obama’s finance team" recommending a 1 percent tax on all bank transactions, as a chain e-mail claims?
    A: No. This idea was first floated in 2004 by one House member, who says it would replace the federal income tax and eliminate the national debt. So far it has gone nowhere.
    FULL QUESTION
    Here is the latest email I have received that I figure is more bunk, but have yet to find facts about this. I am still looking! Thanks!
    Subject: 1% tax on all bank transactions Wonder what the ones who voted for this idiot think now? 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.. A ny 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 aw it’s just 1%… remember once the tax is there they can raise it at will.
    FULL ANSWER
    This is an idea originally floated in 2004 by a single member of Congress, Democratic Rep. Chaka Fattah of Pennsylvania. So far it has attracted little support and gone nowhere. The White House has not endorsed it.

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    http://usgovinfo.about.com/od/thepresidentandcabinet/a/obama-and-a-transaction-tax.htm

    Obama and the Transaction TaxProposal Would Levy 1 Percent ChargeBy Tom Murse, Contributing WriterSee More About:Will this cost you a 1-percent tax?Chris Hondros/Getty ImagesSep 11 2010As if those mysterious ATM fees aren't annoying enough.
    Numerous widely circulated emails claim the Obama White House is supporting a plan to impose a 1 percent tax on every transaction you make - from bank deposits and withdrawals to purchases at the grocery store.
    "President Obama's finance team is recommending a transaction tax," one such viral email reads. "His plan is to sneak it in after the November election to keep it under the radar. This is a 1% tax on all transaction at any financial institution i.e. Banks, Credit Unions, extra."
    See more: 5 Wackiest Myths About Obama
    "Any deposit you make, or move around within your account, i.e. transfer to, will have a 1% tax charged," the email continues.
    "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."
    Is there any substance to this transaction tax?
    Well, yes and no. But mostly no.
    There have, in fact, been several bills before Congress that would impose such a transaction tax. But all but one has died in committee.
    Bill Would Impose Transaction Tax
    A Democratic congressman from Pennsylvania, U.S. Rep. Chaka Fattah, has tried without success to get such a transaction tax passed numerous times in recent years.
    He's introduced such legislation in 2004, 2005, 2007 and 2010.
    Fattah said his "Debt Free America" proposal would generate revenue that could be used to reduce the growing national debt.
    "Alarmingly, there is near unanimity in the consensus of economists, analysts, and policymakers that the U.S. debt is accumulating at an unsustainable rate," Fattah said in announcing his proposal in 2010.
    "Similar to the mortgage meltdown that precipitated the worst financial crisis since the Great Depression, the easy money that is financing the exploding federal deficit will soon come to an end," Fattah said.
    To offset the impact of the transaction tax, Fattah's legislation - H.R. 4646 - would give a 1 percent tax credit to families that earn less than $250,000.
    According to Fattah, the collection of a transaction tax would pay off the national debt - and replace the federal income tax (a fact that the viral emails fail to mention).
    The key question is: Does Obama - or anyone on his so-called "finance team" - support such an idea?
    If they do, they're not saying.
    Which isn't a good sign for Fattah or his transaction tax.

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    http://urbanlegends.about.com/od/barackobama/a/Obama-One-Percent-Transaction-Tax.htm

    Email: Obama Plans 1% Transaction Tax Netlore ArchiveBy David Emery, About.com GuideSee More About:H.R. 4646: Forwarded email claims President Obama's finance team is planning to impose a 1% transaction tax on bank deposits and all other transactions at financial institutions.
    Description: Email rumor
    Circulating since: Aug. 2010
    Status: Mostly false Example:
    Email text contributed by Julie P., Sep. 8, 2010:Fw: 1% tax on all bank transactions.
    I checked this with Snopes, who said it's true......
    One percent transaction tax is proposed President Obama's finance team isrecommending a transaction tax.
    His plan is to sneak it in after the November election to keep it under theradar. This is a 1% tax on all transactions at any financial institutionI. e. Banks, Credit Unions, etc.. ANY deposit you make, or move aroundwithin 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.
    remember once the tax is there they can raise it at will.


    Analysis: It's true (as of this writing) that there's a bill in the House of Representatives (H.R. 4646: Debt Free America Act) which would impose a one percent tax on financial transactions if passed, and it's also true that the bill was introduced by a Democrat (Rep. Chaka Fattah, Pennsylvania). However, the legislation has zero co-sponsors, nor has it even been acknowledged, let alone supported or endorsed, by the Obama administration. It is expected to go nowhere. Rep. Fattah has introduced similar bills before over the past six years or so, obviously without success. In a September 2010 interview with Brooks Jackson of FactCheck.org, Fattah said no one at the White House has commented on the current House bill in any fashion.

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    http://www.foxnews.com/politics/2011/07/31/biden-charges-secret-service-rent-for-using-cottage-next-to-his-home/
    Biden Charges Secret Service to Rent Cottage Next to His Home Published August 01, 2011 FoxNews.com

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    http://www.nypost.com/p/news/local/queens/ground_zeros_OUrlQ6Ap5qJQx3TnQxQBgJ#ixzz1Th7AVM1E

    Cancer-stricken WTC worker gets $0 settlement check By SUSAN EDELMAN and CYNTHIA R. FAGEN Last Updated: 9:37 AM, August 1, 2011 Posted: 2:14 AM, July 31, 2011

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