With the election on Nov. 2, polls state many Democrats will be voted out. While to some of us freedom-loving Americans, this is great news, we also must be aware that this gives the O-pposition sixty days to wreak havoc on America. One plan already in the making is the “Debt Free America Act,” also known as H.R. 4646.
This act was written “to establish a fee on transactions which would eliminate the national debt and replace the income tax on individuals.”
You can bet your next grandchild that the Congress will not eliminate the individual income tax.
But, what is this Debt Free America Act? It is a 1 percent tax on any and every bank transaction, “any transaction that uses a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument.” These transactions “include retail and wholesale, purchases of intermediate goods, and financial and intangible transactions.”
A “person becomes liable for the fee at the moment the person exercises control over a piece of property or service, regardless of the payment method.”
The fee “will be collected by the seller or financial institution servicing the transaction and shall be paid over to the Secretary.”
A generous federal government will give a credit of 1% to a taxpayer’s adjusted gross income. The fact that Social Security, SSI, and SSDI checks are not taxable income is irrelevant to this new thievery. And the capped adjustment for a credit is $10,000 for an individual and $20,000 for a couple filing joint returns.
Of course, the federal government will need a whole new task force to implement this new tax, and force people into compliance. A task force is already in place working on this evil act.
It is time now to stop this evil act before it is even voted on. Americans must make noise, contact your senators and representatives before the election to have them pull this evil act from being considered.
The deadline for voting on this act is December 28th, just when all those lame-duck representatives and senators will be out of office.
With the country is such an economic spiral, this evil act of oppression by finitely controlling every cent coming and going, will absolutely kill this country. Maybe that is their objective all along.
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