Obama and Democrats Propose Bank Transaction Tax

By Douglas V. Gibbs

Remember when Obama said he would hammer the rich with taxes, but not tax anyone making below $250,000?

Liar.

First there was the tobacco tax last year. Now, a transaction tax is being proposed.

President Obama's finance team has been trying to figure out how to squeeze more money out of us without necessarily looking like they are breaking Obama's campaign promise of not taxing the little people. So, they will tax the little people here, and there, and everywhere.

You shouldn't be surprised. This is what the liberal left does.

They lie. They tax. They spend.

With all of this spending, they had to figure out how to take some money from everyone, and they have decided to sneak in a transaction tax during their lame duck session after the November elections, hoping that you won't notice.

The tax being proposed is a 1% tax on all transactions at any financial institution. Deposits, transfers, whatever, you will be hit with a 1% tax on the transaction.

Remember, Obama promised that if you make under $250,000 per year, you will not see one penny of new tax.

Liar.

Typical tax and spend liberal.

Hold on to your pocket book. This is the just the beginning of the hell they are trying to launch.

-- Political Pistachio Conservative News and Commentary

One percent transaction tax is proposed - Standard-Examiner