Greetings,

Support for a Wall Street Speculation Tax has been spreading across the nation with more grassroots groups calling for a tax on reckless Wall Street speculation than ever before.

To move forward on winning this policy change, we need members of Congress to step up and support Wall Street speculation taxes.

When we buy everyday items from a candy bar to a new car, we have to pay a sales tax. Yet Wall Street traders buy and sell billions of dollars of securities thousands of times a day without paying a cent.  It’s past time for Wall Street to start paying its fair share. 

Write your Senators and Representatives and ask them to support a Wall Street Speculation tax.  Urge them to co-sponsor the legislation sponsored by Rep. DeFazio (H.R. 3313) and Sen. Harkin (S. 1787). 

With our allies we delivered more than 300,000 signatures in support of taxing Wall Street speculation to Congress in November. Now it’s time for Congress to act.

A small tax on financial market transactions has the potential to raise significant revenue – the Harkin and De Fazio bills raise $350 billion dollars over 10 years. And a Wall Street speculation tax would also limit reckless short-term speculation and high frequency trading that can threaten financial stability. It just makes sense. 

Tell Your Member of Congress – It is Time to Tax Wall Street!

Thank you for all you do,

Americans for Financial Reform

P.S. We wanted to let you know: more than 2500 of you contacted the regulators in support of a strong Volcker rule, along with thousands more of our allies at Public Citizen. You can find AFR’s detailed comments on the Volcker rule here.