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Dems mull stock-trade tax

By J.R. Lind Posted on November 18, 2009 at 10:52 am

The Hill reports House Democrats, led by Colorado Rep. Ed Perlmutter, are considering a 0.25 percent tax on all stock transactions as a way to pay for the jobs bill Congressional leaders want passed before the end of session.

The AFL-CIO is backing the plan — which the union first proposed in August — saying it could generate $50 billion to $100 billion annually. Predictably, top financial lobbyists are calling the tax a “permanant handcuff” on the economy.

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Comments

3 Responses to “Dems mull stock-trade tax”

  1. SouthernIndie writes
    November 19th, 2009 7:52 am

    Funny how the Union’s feel about taxes. They complained about their health insurance being taxed
    until it was taken out of the Health Care Bill, but
    now support a tax on Stock transactions. SEIU gets
    to sit in on and be heard on virtually every bill this
    congress is considering. How any of this is ever
    going to get employment going again truly baffles
    this reader!

  2. idgaf writes
    November 22nd, 2009 1:12 am

    The more I hear the more I am convinced that if the healthcare bill passes even close to what it is, it will kill us/the economy/the country.

  3. Ray Pidgeon writes
    November 26th, 2009 6:38 am

    top financial lobbyists are calling tax” a permanent
    handcuff” Let’s start a new trend, as with Iraq, and
    dereg, so will it be with taxes; Anyone who’s already
    screwed the pooch enough to flip everyone else’s life
    upside down,DOESN’T GET TO SAY WHAT WILL HAPPEN WITH
    REGARD TO ANY NEW PROPOSAL.
    You go sit in the corner, you’ve already showed
    what you know!

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