Server woes & Dems floating more taxes – the ‘transaction tax’
Posted By RichC on July 8, 2010
I’m struggling once again to keep my blog’s shared database running — hassling with tech support on and off today. Hopefully my low cost host will sorting things out. Yes I’ve threatened to leave once before and magically I was moved to a more efficiently running server. We’ll see how long my patience holds out this time? I’ve also leaned the index pages temporarily … although it has nothing to do with load speeds. Patience.
What about a transaction tax … says Lanny Davis in The Daily Caller? Not a replacement for our income, sales, property, etc taxes mind you, but another NEW tax on top of our current tax structure. Hmm … I wonder who is coming up with this ‘progressive’ idea – hint a Democrat unwilling to cut the size of government and their spending.
Rep. Chaka Fattah (D-Pa.) floated his “Debt Free America Act” (H.R. 4646) in February this year which 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.”
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