HR2847 was passed by Congress in 2010. It's main purpose was to "catch" those Billionaire's and Millionaires who evade paying taxes by hiding their money in Foreign Bank Accounts. Now it's these same people who are trying to get this law repealed.
There is all kinds of "junk" on the Internet that 2847 will cause the US dollar to collapse. Some are calling HR 2847 "Obama's Secret Tax"----trying to scare people----people forget it was passed by Congress.
I suppose if you think the "rich" should pay more taxes you like what this bill is attempting to do. If you think it's okay to hide money in Foreign banks and not pay taxes on it then you don't like the potential of HR 2847.
It will not affect any of us IMHO and I don't believe the dollar will collapse on July 1, 2014.
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Most people are as happy as they make up their mind to be. Abraham Lincoln
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