But when Davis speaks and floats ideas, it is more than just your run of the mill Washington personality floating an idea. When Lanny Davis drops an op-ed, there tends to be more to it. So we should take note that he’s got Democrats signing onto a plan to tax your ATM withdrawals.
Why, you ask? Well, to pay down the deficit.
Rep. Chaka Fattah (D-Pa.) has introduced Davis’s dream legislation. It would charge a penny for every dollar of your money drawn from an ATM machine. That would then beg the question — why put your money in a bank if you are going to get taxed merely for the right to access your money.
But wait . . . it’s gets better. They’re back to wanting to tax the internet too.
House Energy and Commerce Communications Subcommittee Chairman Rick Boucher (D-Va.) has introduced legislation to allow retail sales taxes to be levied on internet purchases.
So instead of being pro-growth to reduce the deficit or pro-job creation, the Democrats have fallen back into being your typical tax and spenders.