Reply #1: The bill exists, but...

[jtuck004]

From the little I read it would credit any income tax you owe, but it sounds a little far-reaching...

Snopes.com, a site that researches urban legends, in fact rates the e-mail as a "mixture" of fact and fiction. HR 4646 exists, the site says, but its passage is hardly imminent. The bill has only one sponsor and has languished in committee since its introduction in February.

PolitiFact, investigating a variant of the same hoax, wrote "H.R. 4646 had no support — and certainly not from Obama's "finance team.'"

More http://www.cleveland.com/consumeraffairs/index.ssf/2010/10/hoax_emails_run_gamit_from_pro.html">here...

The story has some good links on checking out other rumor-mill fodder...