Congressman Walter Jones, NC-3, does not support HR 4646, which would impose a 1% tax on all banking transactions. His office advised T0D [Truth or Dare] of his position via email this morning. This tax would apply to every deposit, every withdrawal, every debit and credit card purchase. Imagine paying 1% additional for your gas and groceries, paying 1% of your earnings when your paycheck when it is deposited, paying 1% when you take money out of the ATM. This is the most egregious tax scheme to come down the pike since the income tax.
Thank you Congressman Jones for opposing this outrageous bill!