1/4% Tax on all stock trades pushed in NY Times today

Discussion in 'Taxes and Accounting' started by seasideheights, Jan 13, 2009.

  1. jksn922

    jksn922


    I recalled reading that as well. If that's the case, we should be in good shape, as they would need 7 Republicans. Ain't happening!
     
    #4231     Dec 18, 2009
  2. From the above piece:

    "As with many of these deals, the real economic pain is postponed, in all likelihood until the president has left office. The $100 billion global relief fund comes from many sources, public and private, and may include monies already allocated elsewhere. Still, American taxpayers will pay more than their fair share, and at a time when many don't feel climate change is the nation's No. 1 priority."

    -Guru
     
    #4232     Dec 18, 2009
  3. jksn922

    jksn922


    There's a legal argument about this. If Obama does this on his own, without involving Congress, he can kiss a second term goodbye.
     
    #4233     Dec 18, 2009
  4. All this does is put it off another year as they have been doing the past 14 years or so:) They will never get anything meaningful done. As I am not a climate is warming believer anyways, so to me its wasted energy and money
     
    #4234     Dec 18, 2009
  5. Thanks for posting that. Kind of sucks when you read it. Sounds like he might be able to get around having to get the votes in the Senate. But then again it sounds kind of 'iffy' and I could see some Supreme Court action if he tried to pull some of that stuff...

    -Guru
     
    #4235     Dec 18, 2009
  6. Yeah good point. They figured they needed to come out of there with something in hand I guess.

    I just want some more clarification on the financing stuff. We may need to step up our fight.

    -Guru
     
    #4236     Dec 18, 2009
  7. It does say that the effect has to be on the stratosphere, so the question is, is he willing to risk it. Also Important to note that the republicans may grab a few votes, congressional elections next year, correct.
     
    #4237     Dec 18, 2009
  8. #4238     Dec 18, 2009
  9. #4239     Dec 18, 2009
  10. Please give me your comments ASAP on our new Petition below. We want to publish it on our Rally Congress page by this weekend. We can always edit it afterwards as well too.

    Note: Climate conference news is important but I doubt the Americans or Chinese – “Chimerica” as the German media says - will commit their governments to a financial-transaction tax. Communist China can not allow full transparency as required by Americans; it compromises their Chinese Wall and exposes too many hidden secrets behind their iron-red curtain. I think the final press releases will report concrete progress - justifying this expensive conference and Chimerica political capital – and show progress on agreed to emission reduction goals, steps towards achieving verification (short of details, so its not worth much) and a funding mandate (to put out that fire in the undeveloped world). Funding will be open to further discussion and it certainly won’t be a framework for passing a financial transaction tax. Again, the US will tie it to cap and trade and other general funding. I am catching up on some of the summit news tonight. Busy week with year end tax planning.

    My next post has the New Petition.
     
    #4240     Dec 18, 2009