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Financial Speculation Tax

The Case for Taxing Securities Transactions

FIXCapitalism | Posted 01.15.2016 | Business

One way for the Federal Government to raise more tax money and do some good in the process is to place a financial transaction tax (FTT) on the purchase and sale of securities.

Ryan Grim

Top Republican's Bank Tax Bill Would Punish Grand Bargain-Backing CEOs | Ryan Grim | Posted 01.29.2013 | Politics

WASHINGTON -- House Ways and Means Committee Chairman Dave Camp (R-Mich.) is considering legislation that would significantly increase taxes for the n...

Zach Carter

10 Ways Obama, Congress Could Cut U.S. Budget Without Raising Income Taxes Or Slashing Entitlements | Zach Carter | Posted 11.30.2012 | Politics

WASHINGTON -- Just about every policy lawmakers are considering for a deal to avert the so-called fiscal cliff would involve either raising individual...

It Shouldn't Have Taken Occupy, But It Did. Now, What's Next?

Robert Weissman | Posted 11.14.2012 | Politics
Robert Weissman

While the occupations have ended -- thanks in no small part to a harsh police crackdown -- it would be a mistake to assume the Occupy movement is over. Social movements have a way of metamorphosing and resurging in unpredictable ways.

A Lesson From The Heritage Foundation's Economic Freedom Index

Micah Hauptman | Posted 10.21.2012 | Politics
Micah Hauptman

Other countries are using financial speculation taxes successfully; it's time we do too. The United States is in desperate need of a permanently robust and resilient economy. A financial speculation tax can help get us there.

Financial Professionals Break Rank, Support Speculation Tax

Sarah Anderson | Posted 08.21.2012 | Business
Sarah Anderson

It's important to remember that the financial industry is not monolithic. I was reminded of this over the past couple weeks as I worked to persuade financial professionals to come out in support of small taxes on trades of stocks, bonds, and derivatives.

Why I Support the Robin Hood Tax

Mark Ruffalo | Posted 06.18.2012 | Politics
Mark Ruffalo

For too long, Main Street has been working in the interests of Wall Street when it should be the other way around. A Robin Hood Tax gives us an opportunity to rewrite that script and get America back on its feet.

Activists Visit Geithner's Home to Ask "Which Side Are You On?"

Peter Dreier | Posted 07.20.2012 | Politics
Peter Dreier

The protesters consider Geithner the key architect of Obama's economic recovery plan and the loudest voice within the president's inner circle for taking a "hands off" approach to tougher government rules to tame Wall Street's risky practices.

Dan Froomkin

Will Obama Embrace 'Robin Hood Tax'? | Dan Froomkin | Posted 12.16.2011 | Politics

WASHINGTON -- Advocates of a tiny but lucrative tax on financial transactions are increasingly hopeful that President Barack Obama's need to more firm...

Attention Occupy Wall Street: Enact a Financial Speculation Tax

Anand Reddi | Posted 01.01.2012 | Business
Anand Reddi

Last week, Senator Tom Harkin (D-Iowa) and Representative Peter DeFazio (D-Ore.) renewed efforts to enact a financial speculation tax. The Occupy movements across the United States should demand this initiative.

Supercommittee of the One Percent Won't Even Think of Taxing Wall Street

Dean Baker | Posted 12.31.2011 | Business
Dean Baker

While whacking our parents and grandparents with a big cut in Social Security benefits apparently draws bipartisan support, the supercommittee will not even score a plan to tax Wall Street financial speculation.

Ryan Grim

Key Financial Reform Gets Boost From Occupy Wall Street | Ryan Grim | Posted 12.26.2011 | Politics

WASHINGTON -- Boosted by the Occupy Wall Street movement, two Democrats in the House and Senate are renewing a push for a transaction tax on speculati...

Why Don't the Deficit Hawks Want to Tax Wall Street?

Dean Baker | Posted 11.26.2011 | Business
Dean Baker

While deficit hawks like investment banker Peter Peterson, Morgan Stanley director Erskine Bowles, and the Washington Post never tire of preaching the virtues of shared sacrifice, somehow sacrifice for Wall Street never features as a part of this story.

More for Them, Less for You

C. Robert Gibson | Posted 11.07.2011 | Politics
C. Robert Gibson

The current crop of Republicans vying for the presidential nomination are all champions of a reverse-Robin Hood methodology that calls for soaking the poor to give more lavish tax breaks to the rich, and calling it "job creation."

America Is Crumbling: Hire Us to Fix It

C. Robert Gibson | Posted 10.24.2011 | Business
C. Robert Gibson

We need jobs to fully recover, but jobs won't come about until demand picks up. Demand won't pick up until people have money to spend. So why are our leaders hell-bent on cutting public sector jobs when we need them most?

President Obama's Big Deal: Cuts for Social Security, but No Taxes for Wall Street

Dean Baker | Posted 09.17.2011 | Business
Dean Baker

We are constantly being told by politicians -- from President Obama to Tea Party Republicans -- that America has a problem with out-of-control spending. This claim is an invention, a falsehood with no basis in reality.

Europe Takes the Lead in Drive to Tax Speculators

Sarah Anderson | Posted 05.25.2011 | Business
Sarah Anderson

The Europeans often leave us Yanks way behind. And now they appear on track again, with solid progress this week towards adopting an innovative proposal to pay for the costs of the global economic crisis.

Taxing Financial Speculation, Raising Funds for Critical Needs

Paul R. Epstein, M.D., M.P.H. | Posted 05.25.2011 | Business
Paul R. Epstein, M.D., M.P.H.

Levying a tiny tax on financial transactions could help build a healthier and more stable future.

Full Catastrophe Banking in 2011

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Here are eight things to watch out for in 2011 that threaten to rock the financial system and undermine any recovery.

Jason Linkins

No Financial Speculation Tax: Morgan Stanley Leaves Their Mark On The Chairmen | Jason Linkins | Posted 05.25.2011 | Politics

For more on the abject unseriousness of the Deficit Commission's "chairman's mark," we go live to Dean Baker at the Center For Economic and Policy Res...

Financing Global Health Aid and Protecting Wall Street: Enact a Financial Speculation Tax

Anand Reddi | Posted 05.25.2011 | World
Anand Reddi

A 0.005% financial speculation tax -- a "pinprick" for international banks -- would be an important stream of revenue for domestic and global development initiatives.

In The Public Interest : New Insights into Preventing Wall Street Meltdowns and Reducing Debt

Phineas Baxandall | Posted 05.25.2011 | Politics
Phineas Baxandall

This Week's Basel Accord and New Poll Show How to Prevent Wall Street Meltdowns and Reduce the Debt with One Tool This week's news made the path for ...

Time to Tax the Wall Street Casino

Chuck Collins | Posted 05.25.2011 | Business
Chuck Collins

Angry about the greedy financial speculation that wrecked the economy? Got a deficit headache? How do we spell relief? Try F.S.T., which stands for Financial Speculation Tax.

Weekly Audit: Why Democrats Must Focus on Jobs Now

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger The job market in its worst state since the Great Depression and is putting tremendous strain on millions of...

Make Wall Street Pay for Creating New Jobs

Richard Trumka | Posted 05.25.2011 | Business
Richard Trumka

$9 million in stock options as a 2009 bonus for Goldman Sachs CEO Lloyd Blankfein is now considered a big concession from Wall Street. Before we all start applauding, let's take another look at what's really happening on Wall Street.