FC: US legislation to thwart "carry tax" on currency

[Declan McCullagh <declan () well com>]

Rep. Ron Paul has introduced legislation to thwart the proposal I wrote
about called the "carry tax," or automatic expiry dates on US bills:
  http://www.wired.com/news/politics/0,1283,32121,00.html

I now have a very large PDF file of Marvin Goodfriend's paper -- but it's
in image files and has not been OCRd.

-Declan

====

From: "Jansen, J. Bradley" <Bradley.Jansen () mail house gov>
Subject: Ron Paul legislation to stop "carry tax"; Know Your Customer is b
        ack!
Date: Wed, 17 Nov 1999 12:56:17 -0500
X-Mailer: Internet Mail Service (5.5.2650.21)
:

Rep. Ron Paul has introduced H.R.3399 on November 16, 1999 to stop the Fed
official's plan to impose a "carry tax" on currency notes using the magnetic
strip as a tracking device to tabulate the tax.

H.R. 3399, the "Currency 'Carry Tax' Prohibition Act of 1999," would
prohibit the Secretary of the Treasury and the Board of Governors of the
Federal Reserve System from including any information storage capability on
the currency of the United States or imposing any fee or penalty on any
person for the holding by such person of currency of the United States,
including Federal reserve notes, for any period of time. 

For more information:
http://www.house.gov/paul/openingpage.htm

[snip-DBM]



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