Just got the following in an email, wonder if its true, copied andpasted part of it here.
ON JANUARY 1, 2013, THE US GOVERNMENT WILL BE REQUIRING EVERYONE TO HAVE DIRECT DEPOSIT FOR SS CHECKS.
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, another 1%, total 2%.
Ask your congressperson to vote NO.
But, but, but, the narcissist in chief said he wouldn't raise taxes on anyone except the evil rich people?!
Like hundreds of wacky pieces of legislation, this bill was introduced by a single senator (in 2010) and soon died (well before it was close to having any connection with President Obama). According to OpenCongress.com, "This bill has not attracted any co-sponsors, moved in the legislative process, or gotten any attention from congressional leaders. There is virtually zero chance of it moving in Congress."
This should be a reminder to research things before spreading them. The email you received is nothing more than another piece of inaccurate filth put out by those unwilling, too stupid or too ignorant to understand facts. No offense.
Excerpts from the three above pages:
It's true (as of this writing) that there's a bill in the House of Representatives, the Debt Free America Act (H.R. 1125), which would impose a one percent tax on certain financial transactions if passed, and it's also true that the bill was introduced by a Democrat, Rep. Chaka Fattah of Pennsylvania (who introduced more or less the same legislation in 2010 as H.R. 4646). However, the legislation has zero co-sponsors, nor has it ever been acknowledged, let alone endorsed or supported, by anyone in the Obama administration.
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.
Fattah has a web page devoted to explaining the original idea from 2004, which he called the "Transform America Transaction Fee." In its latest incarnation, he calls it the "Debt Free America Act." It would repeal the federal income tax (a feature not mentioned in the chain e-mail message) and supposedly still generate enough revenue to eliminate the national debt. It also contains a tax credit that would, at least in theory, offset the tax for families making less than $250,000 a year.
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-based system (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.
When I retired in 2000 I was required to have direct deposit by both SS and my pension. Makes life easier for me.
I always check SNOPES when I get wacky emails on whatever subject.
Yeah, way to go there Liney with the knee-jerk reaction... how about a "my bad" and a promise to actually fact-check all the FW: FW: FW: emails and TeaOP talking points you spout on here?
My Bad and the letter did say it was on snopes and was true, above state it was true, I just didn't know it was dead. But we know you never post anything not researched AC.