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Most bills introduced die, so we never know, it has to be debated voted on by house then senate, then merged into one bill then passed. Being introduced just means they offically put the bill into the house, not its up to the house to discuss it or ignore it. They have ignored his bill from Feb...

The bill was introduced today. It should be availavble on the internet in 2 or 3 days, it has .25% for stocks, and .02% for futures. So for every 100k u trade in futures its 20 bucks each way, 40 dollar round turn. If you sscalp it sucks, if you trade options for bigger gains, intra day swing...

According to his last bill , it sounded the same but also commodity meant anything under the jurisdiction of the CFTC. Which includes forex, I emailed the cftc and it is their jurisdiction, which means they can go after firms for fraud and what not. So Forex is considered under this bill as...

at this point it does not matter what obama or geithner think anymore. its all in the hands of the house and senate

It has been sad a few times that it is .02 per side, so bascially 20 bucks per buy and sell on 100k so 40 dolalr round turn on 100k.

http://money.cnn.com/2009/12/02/news/economy/financial_transaction_tax/ Here is one link and just look for articles there are plenty that state it. We shall see what the bill says when it is introduced today, we can look for it soon I hope.

In all the other articles about this bill it was per year, but the .02% is interesting becuase it used to be in the bill then it was changed to or said out loud that it was .25% on all transactions. We will not know until the bill comes out. Whle some of us can live with .02% on certain things...

It is laugable to us as traders, but it the investors they are trying to compromise with

Its a 100k total for the year

This is the scary line below! She has no clue and she has her millions so she doesnt care, all she wants is more face lifts! Plus I am interested to read how they crafted the bill to include the international problem. We have to hope for the senate right now, we know so far its good, but u...

Not sure what that means, plus she says stock, where as they meant all financial transactions, I do not think she would tax stock and not other asset classes, if anything she would tax other asset classes and not stock. More so called main streeters have stock then any other asset class

Yes they are leftist leiberal groups, but you can see that after that letter and more pressure frmo UK they IMF softened the stance and the way they make it sound with Obama administration and other supporting it is not good! For what its worth I just got a letter, in the mail actually from...

This seems to be going downhill fast , now we got Pelosi basically say she sees a merit maybe supports this tax, the letter with 200 economists and the jobs summit today with all the staunch tax supporters. Get to writing fast and furious, and now it seems the IMF is even softening its stance...

Anyone see Geithner on CNBC this morning, did he mention anything about the tax?

I agree, well I get more nervous each day as we get closer to a bill, I still do not think it will pass the sneate but I still fight on. But keep one thing in mind if it does pass and raise the revenue, they wont repeal it. If it makes it as far as tarp repayment without damaing the economt you...

I thought I saw it say in the morning but I will try and find when they have it scheduled, they keep talking about it on cnbc, but I usually tune them out. Will let you know when I find out

Should be interesting, cnbc and fox both interviewing him tomorrow. Hopefully they can find out where Obama's stance on the tax is , not just Geithners

Someone did post which is true the IRS can come after you fro 10 years after the fact to collect taxes, its a moot point, most almost all people are not going to denoucne citizenship, establish residence in another country and become a citizen, it takes years

So tomorrow it seems Bernake and Geithner will be doing interviews with cnbc