Brokers carrying out the trades would be charged the tax, unless carried out directly by investors. Households with adjusted gross incomes under $75,000 would be exempted.
The result would be hundreds of billions of dollars annually in government revenue to pay for things like education, health care and economic stimulus to get more Americans back to work.
Not only that, the financial transaction tax would help rein in Wall Street's risky behavior by discouraging speculative, high-frequency trading.
Tell your member of Congress, Bill Foster: Tax Wall Street. Click the link below to automatically sign the petition:
Thank you for speaking out.
Matt Lockshin, Campaign Manager
CREDO Action from Working Assets
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