Robin Hood Tax Introduced In Congress; Europe close to one

[Coalition, National Jobs for All]

New Robin Hood Tax Introduced In Congress A half-percent tax on all financial transactions makes it to Congress Watch full multipart Securities Transaction Tax

Banksters may finally be forced to pony up their fair share in taxes after collapsing the global economy a few years back...at least in Europe that is. The European Union is set to approve plans for a .1% financial transaction tax on banksters in ten different Eurozone nations. That miniscule tax will apply to all financial market transactions and is expected to raise billions of dollars in revenue. Here in the United States, efforts have been made to create our own financial transaction tax to raise revenue as well, as curb speculation and dangerous high frequency trading on Wall Street. But since Republicans in key financial oversight committees in the House of Representatives are completely bought by Wall Street, such a tax can't gain any traction.

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National Jobs for All Coalition
http://www.njfac.org/