Open E-mail to Rep. Neugebauer:
Randy,
A businessman friend in Michigan called to my attention the existence of HR
4646, which is said to be a 1% fee on all financial transactions.
Independent further investigation shows that this bill was introduced by Rep.
Fattah (PA) in 2010. It is said to be part of a line of similar bills,
which Rep. Fattah introduced in prior years. The latest version is HR 1125
introduced in 2011.
he commonality of these later bills is a 1% fee on
all financial transactions. However, it appears that while the financial
institutions might be collecting 1% fees, the money actually would go to the
government. We usually consider monies going to government as taxes rather than
fees.
My first question to you is whether HR 1125 is a proposal or a bill
which has been passed by the House? Secondly, if it is a proposal, what is the
likelihood of passage in the House? Lastly, if it is a proposal without any
general support from other House members, why does the House even allow its
entrance, which existence confuses House Representatives and the general
public?
Please comment on the above.
Dr. Arthur C. Sucsy
4203 96th Street
Lubbock, TX 79423
806-794-1381
asucsy@suddenlink.net
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