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

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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

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got this email today from my senator in texas

Click image for original size

Thanks Gio.

Looks like the good Senator is not aware of H.R. 4191. I any event it is good to hear he is not in favor of raising taxes (and freezing up the capital markets in the process) in an economic depression....

Congress is pushing all the big appropriations bills though the system to the President's desk. So far, the "Traders Tax" has not weaseled it's way into the fine print of any of them.... finger's crossed.

Thanks for writing your senator and posting this gio - much appreciated!

Originally posted by day trading

Thanks for writing your senator and posting this gio - much appreciated!

you're welcome -

maybe we could get all others that wrote their representatives to post their response

Originally posted by pt_emini

Thanks Gio.

Looks like the good Senator is not aware of H.R. 4191. I any event it is good to hear he is not in favor of raising taxes (and freezing up the capital markets in the process) in an economic depression....

Congress is pushing all the big appropriations bills though the system to the President's desk. So far, the "Traders Tax" has not weaseled it's way into the fine print of any of them.... finger's crossed.

you're welcome pt -

he does mention 'all other relevent legislation'

take care

Hi to all! Does anyone have any updates on this? I am hanging on every news tidbit that I receive. The last that I heard it is in the Ways and Means Committe, but that it has not made it to Congress yet. However, it appears that he is successfully rallying representatives to go with him. Does anyone have anything on this? What are some good websites with regular updates?

Hi April,

The one I follow most closely is here:

http://www.greencompany.com/blog/index.php

I can't say that he will post the instant anything changes, but he does seem to be on top of things.

Oh thank you!! : O)

Any time, April, that's what we're here for, to try to help out.

I don't think it's quite time for this topic to go dark yet. The Jan 23rd post here is worth reading. I won't get in to my thoughts and views on the various 'actors' discussed there, and where I stand on them, but I want to mention that they do play a big-time role in how this may all play out for us.

http://www.greencompany.com/blog/index.php

&feature=g-all-u

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