A small tax on financial transactions would raise tens of billions of dollars a year and curb dangerous high speed trading. Support for a transaction tax is growing in the US and around the world. The European Union recently proposed a tax of 10 cents per $100 of securities transactions, and 10 cents per $1,000 of derivatives transactions. France and Germany have already endorsed this proposal. The European Union forecasts that this tiny tax will raise some $70 billion annually.
Find out more about this new approach to raising revenues and stopping destabilizing and unproductive financial speculation.
Featuring:
Sponsored by Senator Tom Harkin, Representative Peter DeFazio, Congressional Populist Caucus
Presented by: Americans for Financial Reform, AFL-CIO, The Center for Media and Democracy, the Institute for Policy Studies, and The Center for Economic and Policy Research
RSVP to erin@ourfinancialsecurity.org