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Financial Transactions Tax

CEO Pay a Common Theme on Progressive Agendas For 2016

Sarah Anderson | Posted 05.15.2015 | Politics
Sarah Anderson

The AFL-CIO's new figures have come out amidst a proliferation of new policy agendas that include executive compensation reforms and are aimed at shaping the 2016 election campaigns.

Study: Financial Tax Would Pay Off Big

Sarah Anderson | Posted 05.10.2015 | Politics
Sarah Anderson

Elected leaders in Washington are heading into another season of wrangling over the same old federal budget revenue shortfalls. But a number of European countries are looking forward to a revenue injection from a fresh and deserving source: high flyers in the financial markets.

Dueling Wall Street Taxes

Sarah Anderson | Posted 03.22.2015 | Politics
Sarah Anderson

There's a pattern here. Whenever the push for taxing Wall Street speculation starts to build some serious steam, the Obama administration dusts off their proposal for a big bank fee. This fee idea was is a good one. The problem: Obama officials have presented the big bank fee as an alternative to a financial transaction tax.

Zach Carter

House Democrats Break With Obama By Calling For Wall Street Tax

HuffingtonPost.com | 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...

What's to Be Done About High Frequency Trading?

Robert Zevin | Posted 01.06.2015 | Business
Robert Zevin

High Frequency Trading (HFT) is essentially no different from a highwayman standing in the road with a gun demanding a tributary toll from all who would go about their business to the better without him.

Derailing the High-Speed Trading Bullet Train Before It Crashes Our Economy

Sarah Anderson | Posted 06.30.2014 | Politics
Sarah Anderson

On May 6, 2010, the Dow Jones Industrial Average suffered its fastest nosedive ever. What happened? What's clear is that high-frequency trader accelerated the free fall by withdrawing from the market en masse. Four years after they caused the "Flash Crash," those speed demons still rule our financial markets.

GOP Budget: The Anti-Robin Hood Spending Plan

Leo W. Gerard | Posted 06.14.2014 | Politics
Leo W. Gerard

Rejecting dozens of heroic characters, from Captain America to Underdog, Republicans last week chose instead a villain for their figurehead.

Celebrities, European Leaders Push for Final Deal on Wall Street Tax

Sarah Anderson | Posted 04.21.2014 | Business
Sarah Anderson

At a time when financial markets are dominated by computer-driven high frequency trading that has little benefit for the real economy, a tax of even a fraction of a percent could encourage longer-term sustainable investment.

Make the 1 Percent Pay for the Iran War

Robert Naiman | Posted 03.05.2014 | Politics
Robert Naiman

Now we know that it's actually not so hard to get Washington to do the right thing if the choices are framed correctly. Having learned this lesson, let us apply it to the question of future wars, and to the proposed Iran war in particular.

Honoring Occupy, Creating Occupations

Rep. John Conyers | Posted 11.17.2013 | Politics
Rep. John Conyers

Five years after we bailed out Wall Street, and two years after we took to the streets to demand justice, Congress has done incredibly little to address the problem hollowing out America's promise of upward mobility.

Wall Street Pennies Can Yield Nonprofit Billions

Mark Rosenman | Posted 10.06.2013 | Politics
Mark Rosenman

While religious and other nonprofits are organizing new coalitions to join established leaders fighting to preserve the charitable tax deduction, most charities have remained silent about severe cuts in government funding for domestic needs.

Money Rules

Leo W. Gerard | Posted 09.21.2013 | Politics
Leo W. Gerard

Banks are corporations, which are legal entities established under rules written by people. Their existence should advance America and Americans. Not the other way around. Many in Congress need to be reminded of that.

How to End the Student Loan Crisis: Make Wall Street Pay

Les Leopold | Posted 09.11.2013 | Politics
Les Leopold

Well, maybe it's time for Wall Street to contribute, rather than siphoning off our wealth. How about a sales tax on all transfers of stocks, bonds, and derivatives in order to fund tuition-free higher education at public institutions?

The Rich Have Gained $5.6 Trillion in the 'Recovery,' While the Rest of Us Have Lost $669 Billion

Les Leopold | Posted 07.09.2013 | Politics
Les Leopold

It's as if the entire economic recovery is going into the pockets of the rich. And that's no accident. Here's why.

Inside-outside Strategy on Wall Street Tax

Sarah Anderson | Posted 06.23.2013 | World
Sarah Anderson

Of course the IMF event was not without opposition voices. The strongest was Luc Frieden, the finance minister of Luxembourg, where a light regulatory and tax regime has boosted the size of the banking sector relative to GDP to a level similar to that of Cyprus.

America's New Math: 1 Wall Street Hour = 21 Years of Hard Work For the Rest of Us

Les Leopold | Posted 06.22.2013 | Business
Les Leopold

The new Rich List is out -- yet another example of financial pornography. While nearly 15 million Americans still can't find jobs due to the Wall Street-created crash, the top hedge manager, David Tepper, earned $1,057,692 an HOUR in 2012.

HR 1579 -- The New Bill to Rebuild the Nation With a Tax on Wall Street

Deborah Burger | Posted 06.19.2013 | Politics
Deborah Burger

This is a huge day," Rep. Keith Ellison announced April 17 at a press conference within view of the Capitol, referring to legislation he reintroduced for a Wall Street speculation tax with huge purpose.

Time for a Sales Tax on Wall Street Financial Transactions

Ralph Nader | Posted 06.18.2013 | Business
Ralph Nader

Despite all the lasting harm caused by the casino capitalists, the big banks are now bigger, richer and more powerful than they were when they were bailed out in late 2008. The only ones who were punished were the U.S. taxpayers.

At Least the Big Banks Are Kickin' It...

Jared Bernstein | Posted 06.16.2013 | Business
Jared Bernstein

The disconnect between profitability and hiring or middle-income wage growth has been embedded in our economic system for decades -- this quarterly result is a mere microcosm.

Fix the Debt and a Wall Street Sales Tax

Dean Baker | Posted 04.14.2013 | Business
Dean Baker

Given that the stated goal of Fix the Debt is to reduce budget deficits, it is worth asking why taxes don't figure more prominently on their agenda. It is also worth asking why one tax in particular, a financial transactions tax, never seems to get mentioned in anything the group or its members do.

Preston Maddock

Fix The Debt Protest Draws Activists, Inflatable Pig

HuffingtonPost.com | Preston Maddock | Posted 02.07.2013 | Politics

WASHINGTON -- More than 100 union members and progressive activists marched to a Capitol Hill hotel Wednesday to protest a meeting of corporate chiefs...

Ryan Grim

Top Republican's Bank Tax Bill Would Punish Grand Bargain-Backing CEOs

HuffingtonPost.com | 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...

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 ...

Obama 2.0: Yes We Can Raise Taxes

Sarah Anderson | Posted 03.24.2013 | Politics
Sarah Anderson

How can we continue to allow gazillionaires to pay only a 15 percent tax rate on the profit share ("carried interest") they get paid to manage hedge and private equity funds?

4 Ways to Leap the 'Fiscal Cliff' to a Better America

Sarah van Gelder | Posted 02.10.2013 | Politics
Sarah van Gelder

Feeling panicked about the so-called "fiscal cliff?" Don't be. But artificial or not, the outcome of this fiscal showdown could set policy for years to come. Times of crisis open the door to changes that would be politically impossible in calmer settings