Democrats Want to Tax Your ATM Withdrawals

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Joe Kawfi
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Joined: 07/20/2009

Democrats Want to Tax Your ATM Withdrawals

(H.R. 4646) 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.

Raising taxes is the only thing that libs know how to do. They flat out refuse to reduce spending as they proceed with taxing everything we do.

Vote all of the bums out in November

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