The U.S. should follow the lead of 10 European countries that are working out the details of a planned financial transaction tax, Public Citizen, Americans for Financial Reform and Stamp Out Poverty said today. “A transaction tax can raise significant revenue, cut down on dangerous high-frequency trading, and incentivize Wall Street to serve real economic needs,” AFR’s Jim Lardner said. “It is time for the U.S. to get on board.”