HR 4646 Surprise, Surprise, Surprise !!!

ON JANUARY 1, 2013, THE   US   GOVERNMENT WILL BE REQUIRING   EVERYONE TO HAVE DIRECT DEPOSIT FOR SS CHECKS.

WONDER WHY?

Subject: HR 4646

Be sure to read entire explanation

Watch for this AFTER November elections; remember this BEFORE you VOTE, in case you think Obama is looking out for your best interest.  

A 1% tax on all bank transactions is what HR 4646 calls for.  

Do you receive a paycheck, or a retirement check from Social Security or a pension fund and have it direct deposit??

Well guess what ... It looks as if Obama wants to tax it 1% !!!  

This bill was put forth by Rep. Chaka Fattah (D-PA).

YES, that is 1% tax on all bank transactions - HR 4646, every time it goes in and every time money goes out.

Ask your congressperson to vote NO.

FORWARD THIS TO EVERYONE YOU KNOW!

1% tax on all bank transactions ~ HR 4646 - ANOTHER NEW OBAMA TAX SLIPPED IN WHILE WE WERE ASLEEP. Checked this on snopes, it's true! Check it out yourself ~ HR 4646.

President Obama's finance team is recommending a one percent (1%) transaction fee (TAX). Obama's plan is to sneak it in after the November elections to keep it under the radar.

This is a 1% tax on all transactions at any financial institution - banks, credit unions, savings and loans, etc. Any deposit you make, or even a transfer within your own bank from one account to another, will have a 1% tax charged.

If your paycheck or your Social Security or whatever is direct deposit, it will get a 1% tax charged for the transaction.

If your paycheck is $1000, then you will pay Obama $10 just for the privilege of depositing your paycheck in your bank. Even if you hand carry your paycheck or any check in to your bank for a deposit, 1% tax will be charged.

You receive a $5,000 stock dividend from your broker, Obama takes $50 just to allow you to deposit that check in the bank.

If you take $1,000 cash to deposit at your bank, 1% tax will be charged.

Mind you, 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 about this guy's under-the-table moves to increase the number of ways you are taxed.

Oh, and by the way, if you receive a refund from the IRS next year and you have it direct deposited or you walk in to deposit that check, you guessed it. You will pay a 1% charge of that money just for putting it in your bank.

Remember, any money, cash, check or whatever, no matter where it came from, you will pay a 1% fee if you put it in the bank.

Some will say, oh well, it's just 1%. Are you kidding me? It's a 1% tax increase across the board. Remember, once the tax is there, they can also raise it at will. And if anyone protests, they will just say, "Oh,that's not really a tax, it's a user fee"!

Think this is no big deal? Go back and look at the transactions you made from last year's banking statements. Then add the total of all those transactions and deduct 1%. Still think it's no big deal?

The following is copied from Snopes:  
1.   snopes.com : Debt Free   America   Act ...  
Is the U.S.government proposing a 1% tax on debit card usage and/or banking 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... 

...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... 

...[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... 

Wed, 02 Nov 2011 11:27:37 GMT http:// www.snopes.com/politics/taxes/debtfree.asp

GE is Moving from Wisconsin to ....

Keep your eye on Waukesha, Wisconsin ...  Their biggest employer just moved out. 

General Electric is planning to move its 115-year-old X-ray division from Waukesha,Wis., to Beijing. 

In addition to moving the headquarters,the company will invest $2 billion in China and train more than 65 engineers and create six research centers.

This is the same GE that made $5.1 billion in the United States last year, but paid no taxes - the same company that employs more people overseas than it does in the United States.

So let me get this straight, President Obama appointed GE Chairman Jeff Immelt to head his commission on job creation (job czar). 

Immelt is supposed to help create jobs. I guess the President forgot to tell him in which country he was supposed to be creating those jobs. 

Thanks Jeff, you're a "real" American....give Barack our Best! 

If this doesn't show you the total lack of leadership of this President, I don't know what does.

Please pass this information to others and think about it before you buy a GE product.

Ever wonder what happened to the Fannie Mae Exec's who brought down Wall Street?

Here's a quick look into the three former Fannie Mae executives who brought down Wall Street.

Just in case you might have wondered how their ineptitude affected their lives after they ruined so many dreams and lives.

Where are Jim, Tim and Franklin now? 

Franklin Raines - was a Chairman and Chief Executive Officer at Fannie Mae.

• Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregularities in Fannie Mae's accounting activities 
• Raines left with a "golden parachute valued at $240 Million in benefits. 
• The Government filed suit against Raines when the depth of the accounting scandal became clear.  

So Where does Franklin Raines work now? 

• Raines works for the Obama Campaign as his Chief Economic Advisor. 

 Tim Howard - was the Chief Financial Officer of Fannie Mae. 

•  Howard "was a strong internal proponent of using accounting strategies that would ensure a "stable pattern of earnings" at Fannie.
• Investigations by federal regulators and the company's board of directors since concluded that management did manipulate 1998 earnings to trigger bonuses. 
•  Raines and Howard resigned under pressure in late 2004.   
• Howard's Golden Parachute was estimated at $20 Million! 

So where does Tim Howard work now?  

• Howard is a Chief Economic Advisor to Obama under Franklin Raines.  

Jim Johnson - A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO.

• Investigators found that Fannie Mae had hidden a substantial amount of Johnson's 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million."  
• Investigators found that Fannie Mae had hidden a substantial amount of Johnson's 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million." 
• Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae. 
• Johnson's Golden Parachute was estimated at $28 Million. 

So where does Jim Johnson work now?

• Johnson was hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee.

Kinda makes you sick to your stomach. Our government seems to be rotten to the core!

The definition of insanity is doing the same thing over and over again and expecting a different outcome.

Are you better off than you were 4 years ago?  If not, it is time for a change!

Why Congress Hasn't Passed a Budget

Have you wonder why the Democratic controlled Congress has not passed a budget in three years??  

Wonder 'Why' they do not even want to talk about it?? 

Watch and weep. It is getting time to "pay the fiddler". 

The longer we wait, the greater the PAIN!! 

Watch this video and it should open your eyes  www.youtube-nocookie.com/embed/EW5IdwltaAc?rel=0

What can be done

 It will be painful

1. Washington must admit the problem
2. Explain the challenge to everyone
3. We must face the pain of fixing

Everyone must VOTE for representatives who will focus on FINANCIAL SOLVENCY. 

If not, we ALL GO DOWN WITH THE SHIP.

Are you better off then you were 4 years ago?  If not, it is time to make a change! 

Finally someone asked Obama the question!

On ABC-TV, during their "Network Special on Health Care", President Obama was asked: "Mr. President, will you and your family give up your current health care program and join the new 'universal health care program' that the rest of us will be on?”

There was a stony silence as Obama ignored the question and chose not to answer it!!!

In addition, a number of senators were asked the same question and their response was … "we will think about it."

And they did. It was announced on the news that the "Kennedy Health Care Bill" was written into the new health care reform initiative ensuring that Congress will be 100% exempt!

So, this great new health care plan that is good for you and me is not quite good enough for Obama, his family, or congress???

This is totally wrong. We (the American public) need to stop this proposed debacle ASAP!!!

Personally, I can only accept a universal health care overhaul that extends to everyone ... Not just us lowly citizens ... while the Washington "elite" keep right on with their gold-plated health care coverage.