iOS app Android app

Financial Transactions Tax

GOP Budget: The Anti-Robin Hood Spending Plan

Leo W. Gerard | Posted 04.14.2014 | 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 02.19.2014 | 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

Zach Carter

10 Ways Obama, Congress Could Cut U.S. Budget Without Raising Income Taxes Or Slashing Entitlements

HuffingtonPost.com | 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...

European Victory on Taxing Speculation

Sarah Anderson | Posted 12.11.2012 | Business
Sarah Anderson

Europe's dramatic step forward can only boost the growing U.S. grassroots efforts for a Robin Hood Tax. Timothy Geithner has chastised European leaders for considering the idea. But with Geithner heading out the door, we may get a blast of fresh thinking.

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.

Good Knight HFT

John Fullerton | Posted 10.15.2012 | Business
John Fullerton

In the name of progress, enabling technologies have been allowed to corrupt the legitimate purpose of equity trading. Unfortunately, our financial system no longer distinguishes between means and ends.

Knight Capital Debacle Screams for Transaction Tax Now

Daniel Dicker | Posted 10.09.2012 | Business
Daniel Dicker

Our stock markets have been hijacked and are coming apart, unsafe at any speed for any investor. That's the message that the $440 million scandal at Knight Capital Group is telling us.

To Create a Financial Transactions Tax

Philippe Douste-Blazy | Posted 09.10.2012 | Business
Philippe Douste-Blazy

President Hollande, the national political agenda can no more be separated from the international one. To help the French people, you simply must be at the forefront of the emergence of a better global world, and soon that occasion will be granted to you: the opportunity to pass a FTT.