Tax on Trades Should Be Part of Rescue Plan, Some Democrats Say
- Thread starter seasideheights
- Start date
hahhahahahahha! i just peed myself. were you born yesterday? how much did you contribute to his campaign? nothing? too bad then!
read back on Libertad's post about the 1986 changes in real estate - i had people threatening to sue me if their deals didnt close by 12/31/1986.
yeah, he's laying up awake a night worrying about you. the govt is so worried about us they borrowed and spent the Social Security Trust Fund, the FDIC Reserve Fund and every other
penny they could get their hands on. and just last week they provided funds for foreign banks! govt has not balanced a budget or set aside a contingency since when? and no, Clinton's budget wasnt balanced net of the SS Fund theft!
seriously, get a clue!
his job is to get re-elected. they use fear and blame - we are just pawns - this is gonna get sold as "no cost to taxpayers" and then every little taxpayer group they can demonize & "F" is gonna take it dry and get TAXED...that's why it's so imperative that we plead this issue wisely
we're innocent, didnt cause this, and dont benefit from it. we're the little guy, in many cases the little guy that DeFazio has tried to protect on other issues like H-1b
we have to act like it - emotions are high all over the place
i'm not saying i'm not outraged, this is like H-1b all over again for me
Quote from QQQBALL:
hahhahahahahha! i just peed myself. were you born yesterday? how much did you contribute to his campaign? nothing? too bad then!
read back on Libertad's post about the 1986 changes in real estate - i had people threatening to sue me if their deals didnt close by 12/31/1986.
yeah, he's laying up awake a night worrying about you. the govt is so worried about us they borrowed and spent the Social Security Trust Fund, the FDIC Reserve Fund and every other
penny they could get their hands on. and just last week they provided funds for foreign banks! govt has not balanced a budget or set aside a contingency since when? and no, Clinton's budget wasnt balanced net of the SS Fund theft!
seriously, get a clue!
DeFazio's record shows that on immigration, he's stood up AGAINST the party line and lobbyist money
anyone who knows anything about immigration can analyse this record and see that
http://profiles.numbersusa.com/improfile.php3?DistSend=OR&VIPID=677
so what are you trying to acomplish here? does someone elses 'wasted time' trying to influence this really cost you?
for those who are cynical and think it's hopeless, can you at least get out of the way of those who are constructive here and trying to do something?
Quote from QQQBALL:
so how that working amigo?
we need to seriously consider kicking out all illegal immigrants and deporting immigrants from the last 100 years, starting with the damn irish.
Here's the actual letter DeFazio wrote, just for the record. I got it from this site: http://workinglife.org/blogs/view_post.php?content_id=9603
September 23, 2008
Dear Colleague:
The Bush Administration is asking Congress to authorize the U.S Mint
printing presses to crank out $700 billion to cover the illiquid assets
of Wall Street. This will sink our current record budget deficit to
levels never before imagined.
The $700 billion is to protect Wall Street investors, therefore the same
Wall Street investors should pay for this infusion of taxpayer money.
The easiest method to raise the $700 billion from Wall Street is a
securities transfer tax, a tax that has a negligible impact on the
average investor, and provides a disincentive to short-term traders.
This transfer tax would be on the sale and purchase of stock and more
exotic transactions such as credit default swaps, options, and futures.
A quarter percent (0.25%) tax on financial transactions could raise
approximately $150 billion a year.
There is considerable precedent for this. The United States had a
similar tax from 1914 to 1966. The Revenue Act of 1914 levied 7a 0.2%
tax on all sales or transfers of stock. In 1932, Congress more than
doubled than tax to help plug the holes from the Great Depression. In
1987, Speaker of the House Jim Wright offered his support for a
financial transaction tax. And today the UK has a modest financial
transaction tax of 0.25 percent, a penny on every $4 invested.
In the past, economists such as Larry Summers, John Maynard Keynes and
Nobel prize winners Joseph Stiglitz and James Tobin have supported
financial transactions taxes.
This tax could be easily implemented as the SEC currently implements a
very small tax per transaction to cover its costs. All Congress needs to
do is raise the rate by 0.25% and designate the new income to the
general treasury to pay for the $700 billion.
September 23, 2008
Dear Colleague:
The Bush Administration is asking Congress to authorize the U.S Mint
printing presses to crank out $700 billion to cover the illiquid assets
of Wall Street. This will sink our current record budget deficit to
levels never before imagined.
The $700 billion is to protect Wall Street investors, therefore the same
Wall Street investors should pay for this infusion of taxpayer money.
The easiest method to raise the $700 billion from Wall Street is a
securities transfer tax, a tax that has a negligible impact on the
average investor, and provides a disincentive to short-term traders.
This transfer tax would be on the sale and purchase of stock and more
exotic transactions such as credit default swaps, options, and futures.
A quarter percent (0.25%) tax on financial transactions could raise
approximately $150 billion a year.
There is considerable precedent for this. The United States had a
similar tax from 1914 to 1966. The Revenue Act of 1914 levied 7a 0.2%
tax on all sales or transfers of stock. In 1932, Congress more than
doubled than tax to help plug the holes from the Great Depression. In
1987, Speaker of the House Jim Wright offered his support for a
financial transaction tax. And today the UK has a modest financial
transaction tax of 0.25 percent, a penny on every $4 invested.
In the past, economists such as Larry Summers, John Maynard Keynes and
Nobel prize winners Joseph Stiglitz and James Tobin have supported
financial transactions taxes.
This tax could be easily implemented as the SEC currently implements a
very small tax per transaction to cover its costs. All Congress needs to
do is raise the rate by 0.25% and designate the new income to the
general treasury to pay for the $700 billion.
the bill is called the FUCK DAYTRADER TAX