Wednesday, September 28, 2011

HR-4646, The Debt Free America Act, Proposed a 1% Tax On All Financial Institution Transaction-Mostly Truth! But Never Passed!

Summary of the eRumor:

This is a forwarded email that says President Obama's finance team is planning to impose a 1% tax on all transactions conducted in financial institutions and that they plan to sneak it in after the November election.

The Truth:

There is a Congressional House Bill, HR-4646, the Debt Free America Act, that was introduced in Congress on February 23, 2010, but we have not found any evidence that the bill is being snuck in by any finance team members as the eRumor alleges.

Details at:

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