Nov 18 2009
Dems Eye Stock Trade Tax
The Democrats have to find a way to pay for all their entitlement programs, so now they are looking to add a TAX to stock transactions. Living up to their name, “tax and spend”, Democrats need these new taxes to possibly pay for a new “jobs bill.” I know. Most are scratching their heads and asking the question Obama needs to answer: “Wasn’t your January stimulus bill supposed to be a “jobs bill?”
The idea is attractive because it’s very small, likely 0.25 percent of each trade. And since Wall Street is perceived by many as having caused the economic slump, brokers have little political standing to try to stop it.
It also has the support of the nation’s largest labor union.
The AFL-CIO, one of the Democratic Party’s most powerful allies, suggested the idea in August. The group’s policy director, Thea Lee, estimated the tax could raise between $50 billion and $100 billion per year.
Of course. There’s the reason. The labor union is behind it.
Since taking the oath of office, Obama and his Democratic cohorts, have rewarded these unions with billions of dollars. Andy Stern, head of the SIEU, has been Obama’s number one visitor. Our country is being driven into debt to pay off these unions that helped Obama get elected.
The proof is right there for all to see. T.A.R.P. was used to pay off Wall Street and the unions over the auto industry. The stimulus was another program that failed America but rewarded the unions. Now that the first “jobs bill” didn’t work, these “tax and spend” liberals want to tax another group of Americans to fund another “jobs bill.”
Nancy Pelosi and Steny Hoyer are two of the biggest idiots running the government. The first stimulus didn’t do it’s proclaimed job of creating jobs, so these two libtards want a second shot. On top of that, they are already planning to extend unemployment benefits for a second time.
Now for the Obama faithful…if the stimulus worked, there would be no need for another jobs bill or extending unemployment benefits. The stimulus is a total, absolute failure. For those who believe that Obama won’t raise our taxes, not one dime, you’re about as dumb as Pelosi and Hoyer.







