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Wall Street Tax: AFL-CIO, Democrats Want To Impose Stock-Trading Fees

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The nation's largest labor union and some allied Democrats are pushing a new tax that would hit big investment firms such as Goldman Sachs reaping billions of dollars in profits while the rest of the economy sputters.

The AFL-CIO, one of the Democratic Party's most powerful allies, would like to assess a small tax -- about a tenth of a percent -- on every stock transaction.

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