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Financial Transactions Tax

Brexit: Ignorance Calls Out Ignorance

John Fullerton | Posted 07.12.2016 | Business
John Fullerton

Think of it as the "Brexit wake-up call." It was certainly not an intelligent way to remake the European Project on the fly, leaving great risks in its wake. But there remains the potential for a flourishing Great Britain of the future.

My Message to the DNC's Platform Drafting Committee

Chris Shelton | Posted 06.09.2016 | Politics
Chris Shelton

The goal for all working families remains a secure, sustainable job and a real improvement in our standard of living. Here's how we get there.

Does the Hillary, Bernie Battle Matter That Much?

Les Leopold | Posted 04.15.2016 | Politics
Les Leopold

Tension are flaring as the New York primary approaches. The candidates are getting tough with each other, and their supporters are getting even tougher. The New York debate was almost too painful to watch. But is the fighting really that warranted?

Sanders Wall Street Speculation Tax Would Not Harm Middle Class Investors

Sarah Anderson | Posted 04.06.2016 | Politics
Sarah Anderson

In case there was any doubt, the presidential election fight has confirmed that blasting Wall Street, even eight years after the financial crisis, is still a vote-getter.

Hillary's Wall Street Speeches: The Bootleg Tapes

Les Leopold | Posted 03.11.2016 | Politics
Les Leopold

The real story will be revealed only if she releases the transcripts from the three speeches she gave to Goldman Sachs for which she was paid $675,000. Her unwillingness to do so strongly suggests she has something to hide. What did she really say? Here's a reconstruction.

This Cable News Panel Just Dismissed Bernie Sanders' Wall Street Tax Plan

The Huffington Post | Daniel Marans | Posted 02.20.2016 | Politics

A panel of reporters led by MSNBC's Chris Matthews agreed Saturday that Sen. Bernie Sanders' plan to use a tax on financial transactions to pay for tu...

After Bernie Wins, Then What?

Les Leopold | Posted 01.28.2016 | Politics
Les Leopold

If Bernie captures the nomination, then what does his "political revolution" look like? Arguably, whether he wins or loses the nomination, our task will be roughly the same.

Bernie Sanders References Gordon Gekko: 'Greed Is Not Good'

The Huffington Post | Zach Carter | Posted 01.05.2016 | Politics

WASHINGTON -- Presidential hopeful Bernie Sanders on Tuesday sharply criticized Democratic front-runner Hillary Clinton during a fiery Manhattan speec...

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

Sarah Anderson | Posted 12.08.2015 | 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.

CEO Pay a Common Theme on Progressive Agendas For 2016

Sarah Anderson | Posted 05.15.2016 | 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.