(Source: Teamster Nation, February 28, 2013)
WASHINGTON, D.C. — Teamsters think it’s a terrific idea to levy a tiny tax on financial transactions to raise money for public needs and discourage reckless speculation.
Friends-of-labor Sen Tom Harkin (D-Iowa) and Rep. Peter DeFazio (D-Ore.) today filed a bill today that would impose a tax of 0.03 percent on trades of stocks, bonds, futures, options, swaps, credit default swaps and other complex financial instruments. It would raise $40 billion in public money.
Full story: Teamster Nation