Congress will soon be back from recess – and back to gnashing its teeth over the budget and the various important things that, too many in that branch of government now contend, our country can no longer afford to do. They could expand their sense of the possible by considering a source of revenue they have so far largely ignored – a small tax on sales of stocks, bonds, and complex financial instruments.
Senator Pat Roberts (R-Kan.) has introduced legislation directing U.S. companies to refuse to comply with the proposed tax. Rather than trying to obstruct the EU proposal, “U.S. elected officials should be considering the potential benefits that such taxes could deliver for this country.”
A Tool for Financial Stability & Economic Recovery Webinar Briefing Sponsored by: AFL-CIO | Americans for Financial Reform | Center for Economic and Policy Research Communications Workers of America | The Main Street Alliance | Public Citizen JUNE 10, 2013 12pm EDT. A Wall Street
Here’s a way to raise hundreds of billions of dollars, get Wall Street to shoulder more of the responsibility for America’s economic recovery, and curb the kind of dangerous high-frequency trading that puts the financial system at risk. A small tax on sales of stocks,
“It’s really profoundly immoral to talk about things like cutting Medicare when this policy measure sits in front of us” – AFL-CIO Director of Policy Damon Silvers, speaking at a November 30 briefing on Capitol Hill.
AFR held a conference call briefing on the financial industry support for financial speculation taxes. Click here to see a summary of the discussion, read a letter from more than 50 financial professionals showing their support for the tax, and listen to the audio from the call.
Conference Call Briefing Financial Industry Support for Financial Speculation Taxes Financial professionals will discuss how transaction taxes would help put the brakes on Wall Street’s speed demons Thursday, June 21, 10:00am EDT Washington, DC – Americans for Financial Reform will co-host a