Tax FAIL: Dem Wants To Tax… Money???

Ok, we have reached the epitome of crazy.  Rep Pete Stark (D-CA) wants to tax currency transactions. 

Each day, $4 trillion dollars of currency are traded. For international businesses and travelers, trading dollars for other currencies serve a legitimate purpose. However, nearly 80 percent of these transactions are undertaken by a handful of major banks. Experts agree that most of these transactions are made for purely speculative purposes.

Wealthy traders and big financial institutions make huge bets on the fluctuations in currency value, and they can make massive profits if their bets are correct. This type of speculation helped to worsen the recent financial crisis and serves no purpose other than to make a few people and institutions even richer.

Today, I introduced H.R. 5783, the Investing in Our Future Act. My legislation would simply impose a small tax — of 0.005 percent — on these currency transactions. The money raised would be put toward investments in children, global health and climate change mitigation.

Currency tax: A way to invest in our future (Rep. Pete Stark) – The Hill’s Congress Blog

Can We Fire Steele NOW??? RNC fails to report $7M in debt to FEC.

Steele NEEDS TO GO!  NOW!  This needs to happen.  Now.  This is going to hurt our party in a big way.  How can the GOP say we are better with fiscal responsibility and have an idiot like this guy covering up debt?

I have said it before: FIRE STEELE NOW!

The Republican National Committee failed to report more than $7 million in debt to the Federal Election Commission in recent months – a move that made its bottom line appear healthier than it is heading into the midterm elections and that also raises the prospect of a hefty fine.

In a memo to RNC budget committee members, RNC Treasurer Randy Pullen on Tuesday accused Chairman Michael S. Steele and his chief of staff, Michael Leavitt, of trying to conceal the information from him by ordering staff not to communicate with the treasurer – a charge RNC officials deny.

Mr. Pullen told the members that he had discovered $3.3 million in debt from April and $3.8 million from May, which he said had led him to file erroneous reports with the FEC. He amended the FEC filings Tuesday

RNC fails to report $7M in debt to FEC – Washington Times