AFR Statement: Two Key Democrats Get Behind a Wall Street Transaction Tax
A senior House Democrat, Rep. Chris Van Hollen (D-Md.), moved today to put the idea of a Wall Street transaction tax firmly on the table of the national policy debate. Rep. Van Hollen’s proposal – along with a swift statement of support from House Minority Leader Nancy Pelosi (D-Calif.) – is excellent news. AFR also strongly supports a second element of Van Hollen’s plan, which would sharply limit the tax deductability of corporate pay above $1 million.