Sunday, October 31, 2010

H. R. 4646

Someone with interest went to the THOMAS (Library of Congress) and printed out and read all 15 pages of this bill which has been given the "Short Title" of "Debt Free America Act." It is the most socialistic thing I have ever read. Just think, if you deposit $5,000.00 into your checking account or savings account the bank has to take out 1% or $50.00 of that money and send it to Washington . Then, any checks or cash you take out of your bank they will deduct 1% from what is still in the bank and send it to Washington . This bill spells it out that everyone will pay the Government 1% of their gross income.

Page 9 states the House and Senate shall convene not later than November 23, 2010 and Page 11 states the vote on passage shall occur not later than December 23, 2010.
SEND THIS TO EVERYONE YOU KNOW. EVERYONE NEEDS TO CONTACT THEIR CONGRESSMAN AND SENATOR AND TELL THEM TO VOTE 'NO' ON THIS BILL. If you don't know who your Congressman or Senator is, go to Google, type in "(your state) Congressman email address". When it comes up, click on "Complete E-mail address for Congress/House, Senate, Governors and get both e-mail and FAX info.

The bill is HR-4646 introduced by US Rep Peter DeFazio Dem-Oregon and US Senator Tom Harkin Dem-Iowa. It is now in committee and will probably not be brought out until after the Nov. election. Suggest that you pass this along and also to your state senator and representative and US Congressman and Senators.

One percent transaction tax is proposedPresident Barack Hussien 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.. Any deposit you make, or move around within your account, i. e. transfer to, will have a 1% tax charged. If your paycheck or your social Security or whatever is direct deposited, 1% tax is charged. In other words, you are taxed 1% of every dollar which goes into your bank account and 1% on every dollar which comes out. That’s really a 2% overall tax on money on which you have already paid taxes. Plus the “death tax” which you are taxed on when you die. Consider all the taxes you also have to pay to buy something when you actually spend your money.This from the man who promised that if you make under $250,000 per year, you will not see one penny of new taxes.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.



1 comment:

Anonymous said...

Fr. Malloy,

With all due respect (and as a Catholic, I sincerely mean that), please do not incite a panic over HR-4646 by not accurately presenting all of the facts. As you are a priest, I will assume your intent was not to be untruthful, but your presentation of HR-4646 is incomplete and misleading. HR-4646 was not, as you stated, introduced by US Reps Peter DeFazio and Tom Harkin. HR-4646 does call for the introduction of the new "transaction tax" as you've correctly stated, but also calls for the elimination of the personal income tax. So it is completely misleading to tell people that this is another tax on top of all the taxes you already pay.

I personally think HR-4646 is a terrible, terrible idea, and as such it seems to be receiving no support from others in congress (no co-sponsors have stepped forward, indicating this is a dead-on-arrival proposal). I will make sure that my congressman hears from me that I do not support this bill, but I will be providing complete facts and not just emotion.

Please, please, in the name of fairness, present complete facts rather than launching off into "Obama is out to get us all" chain emails. Intellect is one of the greatest gifts God has given to all of us, and we worship Him every time we engage in a civil discussion/debate on issues.