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Monday, October 12, 2009
Policymakers consider taxing financial transactions
The Economic Policy Institute suggested taxing financial transactions, such as stock trades but not consumer transactions, to raise as much as $150 billion annually. Lawmakers, labor unions, the International Monetary Fund and others support taxing financial transactions as a way reduce budget deficits or fund initiatives, such as health care. Many economists warned that such a tax might have unintended consequences for markets.
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