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Jun 29, 2013

Will Congress levy taxes on US Credit Unions and Community Banks?

Another Front Opens in the Plutocrats' Middle Class Warfare

by Jude Cowell

As powerful Pluto plods through Saturn-ruled Capricorn, sign of business, law, and government, the oppressive, disenfranchising Pluto-Chiron pair of Plutocracy keeps steamrolling along...

With only 6% of US financial assets held by Credit Unions and by banks that are actually banks (which along with non-profit credit unions) benefit the middle class, working families, and small businesses, the monarchical, corporate-ruled, foreign-infiltrated US Congress is being encouraged by Wall Street mega-banks to tax credit union banks. Wall Street and its handmaidens on Capitol Hill are working claw in glove to proceed with this economy-weakening plan in which We the People are the losers and the weedy grealthy win yet another jackpot at our expense.

For the big banks feeling 'disadvantaged' by their non-profit colleagues (exs: Bank Robbers of America, Goldman-Sucks--juvenile nicknames, yet descriptive), it's about undermining the competition so I hope you'll check out CU Tax Letters Stack Up at Congress' Door which explains the situation much better than I can grouse about it (I switched from a big-name bank years ago to a credit union bank and I much prefer its lower fees which will subsequently increase under the proposed taxing plan.)

So if we care about this issue, we mustn't only lament until the perfidy is made 'law' but we must make some loud noises with our own representatives!

Don't Tax My Credit Union.

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