From the Desk of Jim Bridenstine regarding H.R. 1579 July 10, 2013 (Financial Transaction Tax)

Jim Bridenstine 1st District, Oklahoma 216 Cannon House Office Building Washington, DC 20515 (202) 225-2211 July 10, 2013 Dear Mr. Stumpff, Thank you for contacting me regarding H.R. 1579, the Inclusive Prosperity Act of 2013. I appreciate your opinion and value your input on this important issue. In recent weeks, I have heard from many constituents who have shared their thoughts with me about this bill. There have been many people who are opposed to such a bill, as well as many who support it. This legislation would amend the Internal Revenue Code to impose an excise tax on the transfer of ownership in certain securities, impose a penalty on taxpayers who fail to include a covered transaction on their tax return, and provide an individual taxpayer whose income does not exceed $50,000 with a tax credit for the amount of tax paid on covered transactions. I respectfully disagree with this bill because I oppose any creation of new taxes at this time. On April 16, 2013, the bill was referred to the House Committee on Ways and Means, where it awaits a hearing and further legislative action. Thank you again for writing and expressing your thoughts on this important issue.  Please visit my website at http://bridenstine.house.gov to send me another message with your thoughts and opinions, read my positions on major issues, or sign up for my E-Newsletter. You can also follow me on Facebook and Twitter by clicking the links below. I look forward to hearing from you again soon. Sincerely, Jim Bridenstine U.S. House of Representatives http://beta.congress.gov/bill/113th-congress/house-bill/1579