First of all, this would take a constitutional amendment unless it was levied only on interstate and international transactions.
Second of all, if anyone believes that those drunken sailors in Congress will really use this money to pay down the debt, please contact me immediately. I have a bridge in Brooklyn that Id like to sell you. This once-in-a-lifetime investment opportunity wont last long so act now while the market is HOT!
Posted it to show the absurdity of the Democrats.
Republicans are already planning to reduce the budget.