It's ironic that small independent traders as a group are very opposed to the sorts of shenanigans that led to this crisis, and that is who the transaction tax would hurt the most.
hahhahahahahha! i just peed myself. were you born yesterday? how much did you contribute to his campaign? nothing? too bad then! read back on Libertad's post about the 1986 changes in real estate - i had people threatening to sue me if their deals didnt close by 12/31/1986. yeah, he's laying up awake a night worrying about you. the govt is so worried about us they borrowed and spent the Social Security Trust Fund, the FDIC Reserve Fund and every other penny they could get their hands on. and just last week they provided funds for foreign banks! govt has not balanced a budget or set aside a contingency since when? and no, Clinton's budget wasnt balanced net of the SS Fund theft! seriously, get a clue! his job is to get re-elected. they use fear and blame - we are just pawns - this is gonna get sold as "no cost to taxpayers" and then every little taxpayer group they can demonize & "F" is gonna take it dry and get TAXED...
that's why it's so imperative that we plead this issue wisely we're innocent, didnt cause this, and dont benefit from it. we're the little guy, in many cases the little guy that DeFazio has tried to protect on other issues like H-1b we have to act like it - emotions are high all over the place i'm not saying i'm not outraged, this is like H-1b all over again for me
nearly every immigration increase bill for the last 2 years has been blocked by opposition and if you were part of the solution (a numbersusa member like me), rather than a smart aleck on the sidelines, you'd already know that
DeFazio's record shows that on immigration, he's stood up AGAINST the party line and lobbyist money anyone who knows anything about immigration can analyse this record and see that http://profiles.numbersusa.com/improfile.php3?DistSend=OR&VIPID=677 so what are you trying to acomplish here? does someone elses 'wasted time' trying to influence this really cost you? for those who are cynical and think it's hopeless, can you at least get out of the way of those who are constructive here and trying to do something?
we need to seriously consider kicking out all illegal immigrants and deporting immigrants from the last 100 years, starting with the damn irish.
Here's the actual letter DeFazio wrote, just for the record. I got it from this site: http://workinglife.org/blogs/view_post.php?content_id=9603 September 23, 2008 Dear Colleague: The Bush Administration is asking Congress to authorize the U.S Mint printing presses to crank out $700 billion to cover the illiquid assets of Wall Street. This will sink our current record budget deficit to levels never before imagined. The $700 billion is to protect Wall Street investors, therefore the same Wall Street investors should pay for this infusion of taxpayer money. The easiest method to raise the $700 billion from Wall Street is a securities transfer tax, a tax that has a negligible impact on the average investor, and provides a disincentive to short-term traders. This transfer tax would be on the sale and purchase of stock and more exotic transactions such as credit default swaps, options, and futures. A quarter percent (0.25%) tax on financial transactions could raise approximately $150 billion a year. There is considerable precedent for this. The United States had a similar tax from 1914 to 1966. The Revenue Act of 1914 levied 7a 0.2% tax on all sales or transfers of stock. In 1932, Congress more than doubled than tax to help plug the holes from the Great Depression. In 1987, Speaker of the House Jim Wright offered his support for a financial transaction tax. And today the UK has a modest financial transaction tax of 0.25 percent, a penny on every $4 invested. In the past, economists such as Larry Summers, John Maynard Keynes and Nobel prize winners Joseph Stiglitz and James Tobin have supported financial transactions taxes. This tax could be easily implemented as the SEC currently implements a very small tax per transaction to cover its costs. All Congress needs to do is raise the rate by 0.25% and designate the new income to the general treasury to pay for the $700 billion.
Isnt Jim Wright the guy who screwed anyone who flew in the southern half of the USA for the benefit of DFW airport? ie 'Wright Amendment?'