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Congress wants to know your eBay buying habits
WorldNetDaily ^ | June 20, 2008 | WorldNetDaily

Posted on 07/28/2008 11:30:52 AM PDT by hripka

A freedom-focused grassroots organization has issued a nationwide alert about a plan in Congress that would require credit card companies, eBay, Amazon, Google and other companies to report what you buy to the federal government.

FreedomWorks chairman Dick Armey said the privacy implications are "breathtaking."

"This is a provision with astonishing reach, and it was slipped into the bill just this week," he said. "Not only does it affect nearly every credit card transaction in America, such as Visa, MasterCard, Discover and American Express, but the bill specifically targets payment systems like eBay's PayPal, Amazon and Google Checkout," he said.

FreedomWorks said the provision is "hidden deep in Sen. Christopher Dodd's 630-page Senate housing legislation." It was added by the bill's managers without debate and calls for a tracking and reporting system "on nearly every electronic transaction."

(Excerpt) Read more at wnd.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Culture/Society; Government; News/Current Events
KEYWORDS: bigbrother; christopherdodd; congress; congresswatch; democrats; ebay; fanniemae; fnm; fre; freddiemac; govwatch; neverreelectanyone; privacy; republicans; socialsecurity
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July 28, 2008
FreedomWorks: Crony Capitalism Rules As Congress Passes Blank Check Mortgage Bailout
Open-ended bill raises the national debt ceiling to $10.6 trillion, does nothing to fix the long term problem of Freddie and Fannie.
http://www.freedomworks.org/newsroom/press_template.php?press_id=2599
1 posted on 07/28/2008 11:30:53 AM PDT by hripka
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To: eeevil conservative; corbie; Fiddlstix; Rick_Michael; Man50D; The Spirit Of Allegiance; Waryone; ...
PING!!


Photobucket

Please FReepmail to be added to the Congress Watch ping list.

2 posted on 07/28/2008 11:32:36 AM PDT by Politicalmom (I've left the Grand Ol' Plantation. / GOP '08,- NO Soup for YOU!)
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To: hripka

Cash is still King.


3 posted on 07/28/2008 11:34:32 AM PDT by Paladin2 (Huma for co-president! (it ain't over 'til it's over))
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To: SheLion; Gabz

And they said that it would stop with online cigarette purchases.


4 posted on 07/28/2008 11:36:29 AM PDT by RandallFlagg (Satisfaction was my sin)
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To: hripka
Dear Congress,

I live on Pinot Grigio, ramen-noodle soup, and peanut butter Tiger's Milk bars. My cats will eat anything from a can. There's little else to know. Please don't waste any more time trying to figure out what I buy.

5 posted on 07/28/2008 11:37:36 AM PDT by A_perfect_lady
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To: RandallFlagg

Why would they need this information?


6 posted on 07/28/2008 11:38:05 AM PDT by benjamin032
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To: hripka

Thus ends my buying on Ebay.
Craigslist is better anyway.


7 posted on 07/28/2008 11:38:15 AM PDT by netmilsmom (Why would anyone make "Hairspray 2"? (Free Corny!))
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To: RandallFlagg

Exactly, and no one is talking about this... just do a google search and u can see it is for real.. the dems were against the patriot act.. but want to know what I buy...jeesh


8 posted on 07/28/2008 11:38:42 AM PDT by JoanneSD (illegals represented without taxation.. Americans taxed without representation)
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To: hripka
"What is the federal government's purpose with this kind of detailed data? How will this database be secured, and who will have access? Many small proprietors use their Social Security number as their tax ID. How will their privacy be protected? What compliance costs will this impose on businesses? Why is Sen. Chris Dodd putting this provision in a housing bailout bill? The bill also includes the creation of a new national fingerprint registry for mortgage brokers."

Good grief! And they've hidden it in the housing bill? I hate this Congress so so much.

9 posted on 07/28/2008 11:38:56 AM PDT by lonevoice (John McCain was a Kinoki foot pad in the Reagan Revolution)
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To: benjamin032

If it’s an activity, it’s a taxable activity.


10 posted on 07/28/2008 11:39:06 AM PDT by MrB (You can't reason people out of a position that they didn't use reason to get into in the first place)
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To: benjamin032

maybe to see what sells fastest and more of so they can tax it too.....i am sure they are devising a way to make money off of it....


11 posted on 07/28/2008 11:39:53 AM PDT by tatsinfla
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To: hripka

I’ll vote for my neighbor’s dog over Christopher Dodd.

Get this traitorous POS out of the Senate.


12 posted on 07/28/2008 11:39:56 AM PDT by wastedyears (Show me your precious darlings, and I will crush them all)
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To: netmilsmom
Thus ends my buying on Ebay. Craigslist is better anyway.

Is that only because Craigslist is mainly cash?

Cash, out of the range of view from Congress, for now.

13 posted on 07/28/2008 11:40:21 AM PDT by hripka (There are a lot of smart people out there in FReeperLand)
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To: netmilsmom

I use both. some things are better for craigslust, but require having to weed through more kooks to get a real buyer.


14 posted on 07/28/2008 11:40:24 AM PDT by WOBBLY BOB (Conservatives are to McCain what Charlie Brown is to Lucy.)
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To: hripka
Ah, yes. The old "if you have nothing to hide, you have nothing to fear" ploy. Of course, the dems went ballistic when Bush had people's phone calls to suspected terrorists checked.
I guess it's OK now that they're doing it.
15 posted on 07/28/2008 11:41:39 AM PDT by jeffc (They're coming to take me away! Ha-ha, he-he, ho-ho!)
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To: lonevoice

i just love the way they attach crap like this to a bill that starts out with merit. usually though it is something to send money to some politicians state so he will agree to vote for it. if you are going to submit a housing bill then submit a housing bill period. no wonder nothing gets done up there and when it does it is a sham on the people.


16 posted on 07/28/2008 11:42:23 AM PDT by tatsinfla
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To: benjamin032
Why would they need this information?

Why to know if you are "hoarding" certain goods, of course. This way they will know who to call on when they need to confiscate ask for donations for the "common good".

17 posted on 07/28/2008 11:43:41 AM PDT by frankiep (Every socialist is a disguised dictator - Ludwig von Mises)
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To: lonevoice

Congress’ bailout opens doors to eminent domain seizures
WorldNetDaily.com ^ | July 26, 2008 | Bob Unruh
http://www.freerepublic.com/focus/f-news/2051636/posts


18 posted on 07/28/2008 11:44:46 AM PDT by hripka (There are a lot of smart people out there in FReeperLand)
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To: RandallFlagg; Just another Joe; CSM; lockjaw02; Publius6961; elkfersupper; nopardons; metesky; ...
And they said that it would stop with online cigarette purchases. (Randall Flagg)

Nanny State PING.............

19 posted on 07/28/2008 11:45:13 AM PDT by Gabz (You said WHAT?????????)
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To: netmilsmom
I have never been able to even give anything away on Craigslist and anything I have put up was in working order, good condition (if even used at all), and priced usually around or a little under what any equvialents were on Ebay.

I can't even give away a pair of mint condition chrome valve covers that probably fit a small block chevy or ford. I originally bought them on Ebay and the long-since gone dealer said they were for a 304 AMC engine.

When I got them, I had a master bath and bedroom renovation going on and they wound up in the attic, never opened. A couple of years go by and I found the box in the attic and it was a nice day, I figured I would bolt them on. These are too long and lean for my 304. The invoice was probably lost ages ago. I guess they will sit for a while...

20 posted on 07/28/2008 11:46:45 AM PDT by wally_bert (Tactical Is Still Missing A Chair!)
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To: All

If you sell on Ebay this bill will ensure you pay your income taxes. If you buy on line this bill will make sure you pay the sales tax. Plus the little bonus of our friendly government knowing what you are buying. You know,spying on the citizens. I DESPISE Demorats! Bush said he will sign this bill. Looks like the flea markets will make a come back.


21 posted on 07/28/2008 11:46:59 AM PDT by 4yearlurker
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To: hripka
Actually, they want to know your selling habits. Specifically, they are interested in whether individuals selling more than $10k/yr or 200 items/yr are properly declaring income from these activities.
22 posted on 07/28/2008 11:47:29 AM PDT by bornred
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To: hripka

Don’t panic. . .they just want a more efficient way to tax you.


23 posted on 07/28/2008 11:47:41 AM PDT by MEGoody (Ye shall know the truth, and the truth shall cause you to vote against the Democrats.)
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To: benjamin032

Why? 1) So they can adjust tax laws to get more. 2) to track people and make people pay more tax, 3) because they think we are stupid


24 posted on 07/28/2008 11:48:04 AM PDT by driftdiver (No More Obama - The corruption hasn’t changed despite all our hopes.)
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To: hripka

The Democrat Congress’ Plan for Domestic Surveillence of Americans.

Obviously it’s a way to gague how much more in taxes they could impose.


25 posted on 07/28/2008 11:48:45 AM PDT by Doctor Raoul (Fire the CIA and hire the Free Clinic, someone who knows how to stop leaks.)
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To: hripka

The President will sign it with a smile.


26 posted on 07/28/2008 11:50:27 AM PDT by BGHater (It is easy to be brave from a distance.)
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To: Doctor Raoul

I knew the answers before I asked my question. The next one is, what to do about it?


27 posted on 07/28/2008 11:50:40 AM PDT by benjamin032
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To: hripka
Payment Card and Third Party Network Information Reporting. The proposal requires information reporting on payment card and third party network transactions. Payment settlement entities, including merchant acquiring banks and third party settlement organizations, or third party payment facilitators acting on their behalf, will be required to report the annual gross amount of reportable transactions to the IRS and to the participating payee. Reportable transactions include any payment card transaction and any third party network transaction. Participating payees include persons who accept a payment card as payment and third party networks who accept payment from a third party settlement organization in settlement of transactions.

Well, pretty much anything can be bought on an electronic card sooo, Let's just go ahead and buy everything that way, one stick of gum, one can of beans, one burrito, one soda, one ink cartridge, one light bulb, one tire at a time. Just drown the bazdards in trillions of transactions. The store owners are going to go berserk on this as the fee per transaction is going to eat them up. They will hammer congress to get this dropped.

In the meantime, one beer, one quarter tank of gas, one comic book, one DVD, one ink pen, one backpack, one loaf of bread, one..., one..., one..., one..., one..., one..., one..., one..., one..., one..., one...

28 posted on 07/28/2008 11:50:46 AM PDT by TLI ( ITINERIS IMPENDEO VALHALLA)
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To: hripka

bttt


29 posted on 07/28/2008 11:50:56 AM PDT by ConservativeMan55
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To: hripka

Next the Democrats will decide that the IRS can waterboard you to see if you’ve cheated on your taxes...

You have to remember what’s important to Democrats, like taxes, and what’s not important to Democrats, like national seurity.


30 posted on 07/28/2008 11:51:55 AM PDT by Doctor Raoul (Fire the CIA and hire the Free Clinic, someone who knows how to stop leaks.)
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To: All

Sounds like more business-socialist nonsense...and sounds bipartisan...especially if the GOP Liberal Bush signs it into law.

So much for free enterprise


31 posted on 07/28/2008 11:52:22 AM PDT by UCFRoadWarrior (McBama....Over 300 Million Screwed)
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To: 4yearlurker
I DESPISE Demorats! Bush said he will sign this bill.

WHO do you despise?

32 posted on 07/28/2008 11:53:54 AM PDT by hripka (There are a lot of smart people out there in FReeperLand)
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To: tatsinfla
If the Dems wanna know about all the guns and anti-obama merch i’m getting off ebay then so be it!
33 posted on 07/28/2008 11:54:21 AM PDT by therightisright
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To: hripka

Our credit card charges will go up to cover this expense.

Somebody heat the tar, I have a feather pillow and a 10 foot long two by four.


34 posted on 07/28/2008 11:56:37 AM PDT by razorback-bert (Demorats write their congressman to complain about video store late charges)
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To: UCFRoadWarrior
more business-socialist

Fascist, then.

Fascism is a "partnership" between business and government where the businesses provide the socialist programs & policies at the expense of the consumer, while the government protects any monopoly that that business has.

35 posted on 07/28/2008 11:56:43 AM PDT by MrB (You can't reason people out of a position that they didn't use reason to get into in the first place)
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To: benjamin032

They need it because they’re the FedGov.


36 posted on 07/28/2008 11:56:43 AM PDT by wastedyears (Show me your precious darlings, and I will crush them all)
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To: A_perfect_lady

Dear Congress,
I live on Pinot Grigio, ramen-noodle soup, and peanut butter Tiger’s Milk bars. My cats will eat anything from a can. There’s little else to know. Please don’t waste any more time trying to figure out what I buy.”

I certainly do NOT think that the founders called for a Congress for them to be investigating my buying habits.

They are waaaay out of line with any of this waste of taxpayer money.

How I spend money when I have some and how I don’t spend when I have none is nobody’s business but mine.
When I win the Lottery, I will spend more.
Right now, with $4 gas and a fixed income, I spend less.
Who do these elite white tower people think they are, anyway????


37 posted on 07/28/2008 11:57:23 AM PDT by ridesthemiles
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To: hripka

I think Congress should explain their spending habits first.


38 posted on 07/28/2008 11:58:45 AM PDT by TigersEye (Drill or get off the Hill. ... call Nancy Pelosi @ 202 - 225 - 0100)
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To: BGHater

The President will sign it with a smile.”

America SOOOOO needs a line item veto..


39 posted on 07/28/2008 12:00:30 PM PDT by ridesthemiles
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To: ridesthemiles

Why won’t Bush veto it?


40 posted on 07/28/2008 12:02:24 PM PDT by hripka (There are a lot of smart people out there in FReeperLand)
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To: ridesthemiles

Why won’t Bush veto it?


41 posted on 07/28/2008 12:02:26 PM PDT by hripka (There are a lot of smart people out there in FReeperLand)
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To: All
Why, Even If You Have Nothing To Hide, Government Surveillance Threatens Your Freedom

Privacy and the "Nothing To Hide" Argument

42 posted on 07/28/2008 12:10:05 PM PDT by sionnsar (Impeach Obama |Iran Azadi| 5yst3m 0wn3d - it's N0t Y0ur5 (SONY) | UN: Useless Nations)
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To: hripka

When did Congress get into the marketing analysis field?


43 posted on 07/28/2008 12:10:16 PM PDT by Sig Sauer P220
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To: hripka

I despise Bushorats!


44 posted on 07/28/2008 12:10:28 PM PDT by 4yearlurker
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To: MrB
That was my suspicion as well many people make a lot of money on ebay but do not declare on their tax return this way I suspect these people if not caught will be on a watch list.
45 posted on 07/28/2008 12:11:17 PM PDT by snugs ((An English Cheney Chick - Big Time))
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To: netmilsmom

This won’t affect most people...Unless you have a transaction greater than $10,000 or more than 200 transactions (IIRC).


46 posted on 07/28/2008 12:12:32 PM PDT by steve86 (Acerbic by nature, not nurture™)
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To: benjamin032
...."Why would they need this information?"......

Would you rather have a mark on your forehead or hand? Rapture is this year, Tribulation will start soon. No sarcasm here.

47 posted on 07/28/2008 12:15:49 PM PDT by chuckles
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To: hripka

Coincidentally I just canceled my ebay account yesterday, but that was over an unrelated customer service issue.


48 posted on 07/28/2008 12:17:23 PM PDT by Manic_Episode (Some mornings, it's just not worth chewing through the leather straps...)
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To: TLI
Just drown the bazdards in trillions of transactions. The store owners are going to go berserk on this as the fee per transaction is going to eat them up.

They won't drown. The stores don't have to track it. The card processing networks are already tracking this information (down to the line item detail for corporate purchases).

Undoubtedly, it will increase card processor and issuer business costs, which may or may not be passed on to the merchants in fees. But the feds don't care about that.

I have recently been involved in a project looking at how the 403(b) retirement plan industry is scrambling to meet the new IRS regs that take effect on 1/1/09. It requires the plan providers and sponsors to track all kinds of new data on participant fund withdrawals (loans and hardship withdrawals) just to make sure the feds can grab their pound of flesh. The industry is scrambling to be able to handle the data requirements -- with some vendors leaving the space, and plan providers (primarily educational institutions and non-profits) having to completely change the way they do business. The technology systems are still being designed at great cost and effort.

The amount of money being spent on the new compliance issues is immense -- all without adding a single penny of actual value to the process (it actually is reducing value). You think the IRS cares about that? (Obviously not.)

So as far as the new reporting requirements in Dodd's housing plan goes, I don't think the idea of drowning the merchants and the feds in this data will have any impact at all on the implementation of this new rule.

49 posted on 07/28/2008 12:17:27 PM PDT by Maceman (uwb)
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To: hripka

This isn’t about buying habits - it’s about trying to catch all of those eBay Power Sellers who are running their businesses under the table and not paying taxes.


50 posted on 07/28/2008 12:18:07 PM PDT by Mr. Jeeves ("One man's 'magic' is another man's engineering. 'Supernatural' is a null word." -- Robert Heinlein)
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