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OT: Letter to My Senators re:Obama and "Bank Tax"

Discussion in 'Politics, Elections & Legislation' started by dimapower, Jan 28, 2010.

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  1. dimapower

    dimapower Member

    Joined:
    Jul 29, 2009
    Messages:
    226
    Sick and tired of the President's philosophies and policies. Latest letter:

    I am deeply concerned by the President's "bank tax" proposal. Should the proposal reach Congress, in its current philosophy, I strongly encourage you to push back on the legislation.

    The philosophy is "socialistic," un-american and potentially illegal. The proposal suggests taxing the largest banks to cover TARP's expected shortfall. However, the shortfall will not be due to the large banks. Rather, the bailout money to automakers, insurance companies and homeowners make up the largest portion of the estimated $115 billion shortfall. In fact, the government is already on track to earn a $19,000,000,000 profit from the banking industry TARP repayment! Does it make sense to tax them even more?

    Let's get our country back on track and dismiss these incohrent, un-american philosophies.

    Sincerely,
     
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