OMFG! I am so praying for just a little bit of common sense in Washington, D.C.
Nancy Pelosi is definitely living in my little pony world. She is once again receiving the Today’s AYFKM? Award for thinking that she is queen of the world, and is deserving of everybody’s cash. If the NWO does actually happen, I have a feeling that Nancy is going to be so far down on the food chain, WE won’t even be able to see her.
WASHINGTON (Reuters) – Any tax imposed on financial transactions would have to take effect internationally to keep Wall Street jobs and related business from moving overseas, U.S. House of Representatives Speaker Nancy Pelosi said on Thursday.
What say we stop taxing every single person, item, transaction, etc., ‘ala the British Crown in the 1700’s? Hmmm? That might stop business from moving every single component of their companies overseas until there is absolutely nothing left here but desolation.
“It would have to be an international rule, not just a U.S. rule,” Pelosi said at a news conference. “We couldn’t do it alone, we’d have to do it as an international initiative.”
Several House Democrats have proposed a Wall Street tax to pay for job-creating legislation they plan to pass in December. The tax, which could raise $150 billion per year, would tap into widespread public outrage at Wall Street in the wake of the financial crisis.
They are using the emotions they ramped up against you. How American is that?
But support is tepid among key legislators, especially those from the New York region who worry that finance jobs could disappear if the tax drives trading activity overseas.
The No. 4 Democrat in the House, Representative John Larson, said his proposal to impose a 0.25 percent tax on over-the-counter derivatives transactions would apply internationally.
“Part of our proposal would include that it would be international,” Larson told Reuters after meeting with other lawmakers about the jobs package.
Democratic Representative Peter DeFazio said his separate proposal, which would tax a wider array of trading activity, would cover all U.S. corporations and individuals no matter where their trades took place.
Pelosi and other Democratic leaders have emphasized that the proposal is merely one of many ideas in play.
“It hasn’t been developed to a high priority, but it has substantial currency in our caucus,” Pelosi said.
Go over and read the rest of the article becaue TurboTax Timmie doesn’t agree and I think it is because he hasn’t figured out how to get a cut yet.
Please take the poll – I may send the results to Nancy herself.