President Obama's finance team is recommending a TRANSACTION tax.
His plan is to sneak it in after the November election to keep it under the radar.
This is a 1% tax on all transaction at any financial institution i. e. Banks, Credit Unions, extra.
Any deposit you make, or move around within your account, i. e. transfer to, will have a 1% tax charged.
If your pay check or your social Security or whatever is direct deposit, 1% tax charged.
If you hand carry a check in to deposit, 1% tax charged,
If you take cash in to deposit, 1% tax charged.
This is from the man who promised that if you make under $250,000 per year, you will not see one penny of new tax.
Keep your eyes and ears open, you will be amazed at what you learn.