This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.

Include a Financial Transactions Tax proposal in the negotiations over avoiding the "fiscal cliff."

Created by M.B. on December 04, 2012

As part of their negotiations over the "fiscal cliff," the Administration should advocate for inclusion of a Financial Transactions Tax to raise revenue. Such a tax would have the following benefits:
- A 0.25% tax could raise up to $350 billion in revenue annually.
- The tax would decrease high-frequency trading and speculation that cause volatility in the market.
- A tax could help prevent market runs and stabilize the market.
- Revenue created can be used to balance out the massive bailouts to the financial sector that were provided by the US Government.

Budget & Taxes
Economy & Jobs
Return to top