Traders Tax: H.R. 4191 (H.R. 1068) in Congress Now

I don't post in here often, but look through the forum here a lot. I just got an email an about this new traders tax bill in Congress now. From what I understand this could ruin day trading for everyone.

The email had a link to go to and sign a petition to send to U.S. Congress.

I just signed the petition and figured all the traders in here would want to as well as it is very important they don't pass this bill.

www VoteNo1068 com (this link no longer works so disabled)

edit: Link to H.R. 4191 http://www.govtrack.us/congress/billtext.xpd?bill=h111-4191

Joe,

I agree with what you have said there, but my concern is not for this in the form of H.R. 1068, but in that I saw this put into another bill, the 'jobs bill', for example as described here:

http://www.politico.com/news/stories/1109/29636.html

It's just the kind of thing I can see happening quickly, and falling under the radar for the 'greater good' of the entire bill. I hope you are right and I'm worried for nothing.

Don't get me wrong as long as this bill is alive it has the chance of being passed. I go to Church with a friend who's running for state congress I don't like talking about such things at church but will try and meet with him for lunch sometime next week and see what he thinks, and what we the people could do to make sure our voice is heard.

Jim,

I read the first paragraph in that link and thats disgusting! There going to lay off US traders via sky high taxes because everyone else is unemployed? Thats the retardest logic I have ever heard. Were did these nuts go to school? And since when do dems. grow jobs? I thought all they were good at was giving lazy people handouts. They ought to stop unemployment bet they'll find a job then.

Bush said last year that the TARP money was going to be returned so no burden on tax payers. Now there wanting to use it again, this is messed up. I can't wait for 2012!

Now maybe you see why I am so worried...

Originally posted by jimkane

Joe,

I agree with what you have said there, but my concern is not for this in the form of H.R. 1068, but in that I saw this put into another bill, the 'jobs bill', for example as described here:

http://www.politico.com/news/stories/1109/29636.html

It's just the kind of thing I can see happening quickly, and falling under the radar for the 'greater good' of the entire bill. I hope you are right and I'm worried for nothing.

Two things in this article that caught my eye:
"Majority Leader Steny Hoyer (D-Md.) said he’s trying to figure out a way to get a jobs bill on the House calendar before the chamber adjourns in mid December"
"Additional taxes on Wall Street are likely to be unpopular with financial institutions, who have mounted a huge lobbying campaign in the wake of reform legislation snaking its way through the House. "
So we can expect support and resistance next month. Wonder where the Pivot Point will form for daytraders
Also how do we track the progress of this "Job bill" HR11O9 ??

You can track it here.....any bill you want you can search for it in the upper right hand side of the page.


http://www.govtrack.us/congress/bill.xpd?bill=h111-1109

I did as advised. However came up with this that has no relevance to "Job Bill".
H.R. 1109: Wild Monongahela Act: A National Legacy for West Virginia's Special Places

ak,

I don't know what bill exactly your talking about. I searched for jobs bill and came up with quite a few. If you find it please post a link here so I can read it and see if they are sneaking anything about the trader tax into it.

dont forget the midterm elections a year from now...hopefully the Dem majority will end and there will be some checks and balances in the form of an opposition

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