Debt Free America Act. The government just wants in on some of the unneeded middleman action. In govtrack.us, a database of bills in the u.s.
Under the debt free america act, the one percent fee on transactions in the united states would be directed to eliminating america's national debt. I have gone into thomas (library of congress) and printed out and read all 15 pages of this bill which has been given the short title of debt free america act. it is the most socialistic thing i have ever read. It is an issue that will affect all veterans whether they draw sc or not.
But i would recommend everyone to research hr 4646 that is pending in congress.
Under the debt free america act, the one percent fee on transactions in the united states would be directed to eliminating america's national debt. (a) eliminate the national debt, which was $6.3 trillion in january 2009, during a period of 10 years and to phase out the income tax on individuals, including interest payments on the national debt, which will total $1 trillion annually by 2020 under current fiscal policy, and will account for 17 percent of all federal spending, and One idea for raising taxes to pay down the debt is the bill introduced this february by rep. That means there are other bills with the number h.r.
