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Briefing On Financial Transaction Taxes

October 21, 2011 @ 10:30 am - 11:30 am

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.


  • John Fullerton – Former Managing Director, J.P. Morgan Co. and Founder and President of Capital Institute
  • Damon Silvers – Director of Policy and Special Counsel, AFL-CIO
  • Dean Baker – Co-Director, Center for Economic and Policy Research
  • Frédéric Doré – Minister Counselor, Deputy Chief of Mission at the French Embassy to the United States

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



October 21, 2011
10:30 am - 11:30 am
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Capitol Visitors Center S-115
First Street and East Capitol Street, NE, Room SVC 203 and SVC-202
Washington, DC United States
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