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AFR in the News: Transaction Tax On Financial Speculation Gets Boost From Occupy Wall Street

Ryan Grim (Huffington Post)

“Boosted by the Occupy Wall Street movement, two Democrats in the House and Senate are renewing a push for a transaction tax on speculative trades. … Americans for Financial Reform, a coalition of progressive and labor organizations focused on reforming Wall Street, threw its weight behind the tax in a letter to the super committee:”

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AFR Press Statement: House Judiciary Committee hearing on the Regulatory Accountability Act and markup of the REINS Act

“Irresponsible deregulation of the financial industry – and the conduct it made possible – was a root cause of the financial crisis that has cost millions of jobs and trillions of dollars in home equity and retirement savings. The ‘Regulatory Accountability Act’ would further stack the deck towards Wall Street special interests, and make it impossible to put in place the common sense rules we need to demand transparency and accountability in financial markets, and prevent the financial industry from repeating the extraordinarily reckless practices for which most of us are paying so high a price.”

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AFR Letter: Support Financial Transaction Tax

Read our letter supporting a financial transaction tax here, or below. —————————————————————————————– October 21, 2011 Representative Jeb Hensarling 129 Cannon House Office Building Washington DC 20515   Senator Patty Murray 448 Russell Senate Office Building Washington DC 20515   Re: Financial Speculation Tax Dear Senator