One percent transaction tax is proposed

President 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 pay check or your social Security or whatever is direct deposit, 1% tax charged. If you hand carry a check in to deposit, 1% tax charged, If you take cash in to deposit, 1% tax charged.This is from the man who promised that if you make under

$250,000 per year, you will not see one penny of new tax. Keep your eyes and ears open, you will be amazed at what you learn.
Some will say aw it's just 1%... remember once the tax is there they can raise it at will.
If you are dubious, check the following links which include The Hill and CNS.
These are what I found. Certainly the Hill and the cns articles are credible, so given all the info out there, I would say, TRUE.
you will have to click to agree there might be disagreeable content and you will accept that content, then takes you to a page with the article

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