NUMEROUS NEW TAXES PROPOSED BY DEMOCRATS

AND, THE EUROPEANS AND THE U.N. ARE PROPOSING A WORLDWIDE CLIMATE POVERTY TAX THAT 

WOULD SURRENDER U.S. SOVEREIGNTY

OBAMA IS PREPARING TO MEET THIS MONTH WITH THE U.N. IN SUPPORT OF THE GLOBAL CLIMATE/POVERTY TAX WHICH WILL DRAIN 0.7% FROM THE US ECONOMY OR 845 BILLION DOLLARS .

IN 2007 Obama presented S.2433 – Global Poverty Act , a global poverty tax when he was a senator. Co sponsors were Senators Maria Cantwell, Dianne Feinstein, Richard Lugar, Richard Durbin, Chuck Hagel and Robert Menendez.  Biden was a huge supporter. 845 BILLION or 0.7% of our economy would have been transferred out of our country. Carbon based Fuels and products, perhaps livestock, airplane tickets would be the target of the tax etc.

This would be in addition to approx. 65 billion the U.S. tax payers give to foreign aid.  Meanwhile social security for the citizens of this country who have paid into it all of their lives is frozen and Medicare has had huge cuts. We are deeply in debt.

 Sources:

  1. UN PAPERS  http://www.un.org/en/mdg/summit2010/pdf/Draft%20outcome%20document.pdf 
  2. Canada Free Press http://www.canadafreepress.com/index.php/article/27761

THE TRANSACTION TAX

A transaction tax has been proposed by Obama’s finance team.  Initially the tax would be 1% on all transactions.  Some say it would increase to 15% within 3 years.  It would be yet another burden on industries and the people who live in America.  Every time you pay a bill for sewer,electricity,rent,car loan,groceries,ATM withdrawals using  either cash,credit card or on-line payments you would be taxed 1%.

If you pay $1500.00 for rent or a house payment you will pay an additional tax of $15.00 A MONTH for their home or an additional $180.00 extra each year for your house payment.  So your house payment would increase to $1515.00 per month.

As an example of the extra cost,
House payment-$1500.00
Car payment-$350.00
Electricity-$100.00
Groceries-$400.00
Cable,TV,phone,computer-$110.00
gasoline-$50.00
prescriptions-$50.00
termite control-$25.00
Home owner insurance $58.00

Tot. Monthly expenses=$2643
+ 1%=$2669.43
or $26.43 per month
or $317.16 more per year

SOURCES:

SOURCES:
              1.  http://www.nationalledger.com/cgi-bin/artman/exec/view.cgi?archive=22&num=18845  

              2. http://www.wnd.com/?pageId=56405

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~ by riffenberg on September 19, 2010.

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