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Financial Transaction Tax

The Big Banks Can Be Beaten

Sarah Anderson | Posted 06.01.2016 | Politics
Sarah Anderson

Many Americans who were hurt by the financial crisis want more done to crack down on Wall Street greed and the recklessness that caused it.

It's Time for U.S. Politicians to Stand Up to Wall Street

Sarah Anderson | Posted 12.08.2016 | Politics
Sarah Anderson

Ten European governments have made major progress towards the creation of the world's first regional tax on financial transactions. This is exciting news for the growing campaigns around the world, including the U.S., to promote taxes as a means of generating much-needed revenue.

Jeremy Corbyn and Bernie Sanders' Surge Boosts Wall Street Tax

Sarah Anderson | Posted 09.22.2016 | Politics
Sarah Anderson

There have been major happenings of late for the financial transaction tax. After many years (okay, let's face it -- decades) on the fringe, the idea of a small tax on Wall Street trading has moved solidly into the center of mainstream debate.

Zach Carter

House Democrats Break With Obama By Calling For Wall Street Tax | Zach Carter | Posted 01.13.2015 | Politics

WASHINGTON -- House Democrats on Monday unveiled a plan to cut taxes for middle-class families that would be paid for in part by a new tax on Wall Str...

The Case for a Financial Transaction Tax

Sean McElwee | Posted 02.11.2015 | Politics
Sean McElwee

Wall Street is one of the most reviled institutions in the United States, with a recent study finding the lowest trust in finance recorded over 40 years.

GOP Shakedown

Leo W. Gerard | Posted 01.23.2014 | Politics
Leo W. Gerard

The threat made by the Grumpy Obstructionist Party (GOP) is simple: "Gimme what I want or I'll kill the government." Democrats refused to pay the ransom by defunding the Affordable Care Act, so the GOP defunded the federal government.

President Clinton Congratulates France for Defining the Way Forward for Innovative Financing

Philippe Douste-Blazy | Posted 07.29.2013 | World
Philippe Douste-Blazy

If UNITAID proved how the power of numbers could be used to raise more money to combat extreme poverty, then we need to take the next step. Why can't we take microscopic contributions from the activities that most profit from globalization?

Europe and the FTT: Plunging Into Uncharted Waters

Danuta Hubner | Posted 06.08.2013 | World
Danuta Hubner

The financial transaction tax (FTT) has long been taboo on the U.S. and European economic policy scenes alike. Tides appear to be changing, however.

Mark Gongloff

Lawmakers Want To Tax Trades | Mark Gongloff | Posted 02.28.2013 | Business

Democratic lawmakers have proposed a plan to solve two pesky, unrelated problems at once: The budget deficit and high-speed trading robots run amok. T...

Robin Hood: Taxing Men in Suits

Valiant Lowitz | Posted 04.24.2013 | Politics
Valiant Lowitz

A FTT is a small tax levied against the purchase/sale or transfer of the four main classes of financial assets: bonds, equities, foreign exchange and their derivatives.

Read My Lips: Yes, New Taxes

Leo W. Gerard | Posted 03.30.2013 | Politics
Leo W. Gerard

To equitably reduce the deficit in a way that maintains good faith with the American people requires tax increases. Yes, new taxes are necessary. Especially those focused on the speculators who caused the crash.

Experts: Big Banks Can Easily Dodge New European Tax

Reuters | Posted 03.25.2013 | Business

* Only 11 euro zone countries to impose planned tax * UK, Swiss financial centres will be outside the scheme * Vital det...

The Financial Transaction Tax: Globalization's Payback Time for the World's Poor

Philippe Douste-Blazy | Posted 03.12.2013 | World
Philippe Douste-Blazy

Last year, UNITAID released a study that demonstrates exactly what a country would need to do to implement an FTT. The study found that the introduction of such a tax on a national basis should have no significant negative impact on national financial markets.

Fiscal Cliff: Let's Call Their Bluff!

Ellen Brown | Posted 02.18.2013 | Politics
Ellen Brown

Slashing services, selling off public assets, and raising taxes won't cure these ills. To maintain a sustainable and productive economy requires a visionary leap into the new. A new economy needs new methods of public financing.

Gagging on an Ad Blitz of Empty Anti-Wall Street Rhetoric

Sam Pizzigati | Posted 12.15.2012 | Politics
Sam Pizzigati

We don't need ads from candidates. We need commitments from them -- to rein in our economic casino.

Finance Executives: Tax Us Before We Kill Again!

The Huffington Post | Mark Gongloff | Posted 06.25.2012 | Business

When an industry is all but begging you to tax it, maybe it's time to pay attention. Dozens of financial executives, including expats from Goldman ...

Greece and the Euro: Fifty Ways to Leave Your Lover

Ellen Brown | Posted 08.11.2012 | Business
Ellen Brown

The euro appears to be a marriage of incompatible partners. Fortunately, there are alternatives to an ugly divorce. Rules that can be bent for banks can be bent for people and nations.

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...

FTT: RX for a Sick Economy

Rose Ann DeMoro | Posted 01.23.2014 | Politics
Rose Ann DeMoro

Nurses from four continents gathered at the G-20 Summit last week to tell world leaders that time is running out: revenue is needed now and the starting point is a global finance tax.

Ryan Grim

Wall Street Tax Would Raise $350 Billion | Ryan Grim | Posted 01.07.2012 | Politics

WASHINGTON -- A minuscule tax on financial transactions proposed by congressional Democrats would raise more than $350 billion over the next nine year...

Light for the Dark Age of Banking

John Fullerton | Posted 01.04.2012 | Business
John Fullerton

The Dark Age of Banking reaches its twelfth anniversary today, November 4. History will no doubt judge the Financial Modernization Act, repealing Glass-Steagall, as the beginning of the dark, modern banking era.

Nurses Call the Question on Obama and Global Financial Transaction Tax -- Which Side Are You On?

Rose Ann DeMoro | Posted 12.28.2011 | Politics
Rose Ann DeMoro

With the constellation of the occupy protests and the broad international movement for the FTT, the moment for achieving the tax, and the critical revenue it can provide to help revive struggling economies, has never been greater.

Why We Need a Financial Transactions Tax

John Fullerton | Posted 10.25.2011 | Business
John Fullerton

The truth is simple: A modest financial transactions tax of less than 1 percent would serve as a remarkably efficient tool to achieve needed reform.

Tax Foundation Doesn't Get It!

Rep. Chaka Fattah | Posted 10.09.2011 | Politics
Rep. Chaka Fattah

Mr. Philip Dittmer's dismissive assertion that the transaction tax proposal is without merit and is not seriously being considered underscores his fun...

A Penny on the Dollar Can Buy Us a Debt Free America

Rep. Chaka Fattah | Posted 05.25.2011 | Politics
Rep. Chaka Fattah

We hear a lot of talk from my Republican colleagues in the House about fighting the problem of our national debt. Unfortunately, we hear little about solutions.