1% today, 10% next year?

OPEN YOUR EYES...The Dems are at it again.--Be ever vigilent!!

> : 1% tax on all bank transactions HR4646
>
> Watch for this AFTER November elections; remember
> this BEFORE you VOTE in case you think Obama's
> looking out for your best interest.
>
> 1% tax on all bank transactions HR 4646
>
> This government just cannot think of enough ways to hurt the American people!This Bill must die     FORWARD THIS TO EVERYONE YOU KNOW!
>
> 1% tax on all bank transactions HR 4646 - ANOTHER NEW OBAMA TAX SLIPPED IN WHILE WE WERE ASLEEP.
> Checked this on snopes, it's true! Check out HR 4646.  (see below copied from Snopes)
>
>
> President Obama's finance team is recommending a one percent (1%) transaction fee (TAX). Obama's plan is to sneak it in after the November
> elections to keep it under the radar.
>
>
> This is a 1% tax on all transactions at any financial institution - banks, credit unions, savings and loans, etc. Any deposit you make, or even a transfer within your account, will have a 1% tax charged.
> ~If your paycheck or your social security or whatever is direct deposit, it will get a 1% tax charged for the transaction.
> ~If your paycheck is $1000, then you will pay Obama $10 just for the privilege of depositing your paycheck in your bank. Even if you hand carry your paycheck or any check into your bank for a deposit, 1% tax will be charged.~You receive a $5,000 stock dividend from your broker, Obama takes $50 just to allow you to deposit that check in the bank.
> ~If you take $1,000 cash to deposit at your bank, 1% tax will be charged.
>
>
> Mind you, 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 about this guy's under-the-table moves to increase the number of ways you are taxed.
>
>
> ~Oh, and by the way, you receive a refund from the IRS next year and you have it direct deposited or you walk in to deposit that check, you guessed it. You will pay a 1% charge of that money just for putting it in your bank. Remember,
> any money, cash, check or whatever, no matter where it came from, you will pay a 1% fee if you put it in the bank.
>
>
>  Some will say, oh well, it's just 1%. Are you kidding me? It's a 1% tax increase across the board. Remember, once the tax is there, they can also raise it at will. And if anyone protests, they will just say, "oh,that's not really a tax, it's a user fee"! Think this is no big deal? Go back and look at the transactions you
> made from last year's banking statements. Then add the total of all those transactions and deduct 1%.
> Still think it's no big deal???
>
>
>
>       1. snopes.com : Debt Free America Act - Is the U.S. government proposing a 1% tax on debit card usage and/or banking transactions?
>         ...It is true. The bill is HR-4646 introduced by US Rep Peter
> deFazio D-Oregon and US Senator Tom Harkin D-Iowa. Their plan is
> to sneak it in after the...   ...moved beyond proposing studies and submitted the Debt Free
> America Act (H.R. 4646) , a bill calling for the implementation of
> a scheme to pay down the...
>         ...[2010] by Rep. Chaka Fattah (D-Pa.). His "Debt Free America
> Act" (H.R. 4646) would impose a 1 percent "transaction tax" on
> every financial transaction...
>       Tue, 12 Oct 2010 11:26:37 GMT
> http://www.snopes.com/politics/taxes/debtfree.asp

1% is not too hurtful--the slippery slope however is another story. How long would it stay at 1%--1 day, a week?