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the new bill is supposed to be released sometime today -- check the wording when it comes out also, it's pretty weak on Defazio's part to only get 2 of the 13 HR 1068 co-sponsors to initially sign on to the new bill -- hopefully that's a precursor of its prospects

The EPI along with the head of the AFL/CIO, Richard Trumka, and Paul Krugman. All three entities have drafted articles and/or plans for a transaction tax in the past week in preparation for the Jobs Summit. You have to assume that the chances of one if not all of them bringing up the tax...

Just another reason for Obama to not want to sign anything with Defazio's name on it . . . plus remember Defazio was the only democrat to change his vote from yes to no for Obama's stimulus bill.

Oops, looks like there's someone in Cayman Islands now proposing a trans tax (just an op-ed piece, nothing big): http://www.caymannetnews.com/news-19483--8-8---.html Perhaps the time is now right for Cayman to show the rest of the world the way forward in raising public revenue from...

Until your new country in turn passes its own tax, then I guess it's . . . . off to the next country? You'd always be running from this tax. Don't forget that the IRS has provisions that say if you become an expat for tax purposes, then you still are subject to tax for 10 years even after...

Nice pontificating guys, but it looks like we may have lost this comments section to the pro-tax people. http://www.businessinsider.com/traders-freaked-out-that-socialist-government-might-pass-transaction-tax-2009-12

A bunch of pro-tax comments starting to congregate here: http://www.businessinsider.com/traders-freaked-out-that-socialist-government-might-pass-transaction-tax-2009-12

MB also just announced ACH transfers for forex accounts a couple days ago.

I don't think this has been posted yet, but the EPI now has a fairly lengthy detailed website describing their vision of the transaction tax. THE BEST PART -- they've apparently raised it to 0.5%!!!! They will have the chance to present this in person to the President on Thurs. To put a 0.5%...

Brief mention of the tax in a new NY Times article: The package could also include a tax on financial transactions, which several Democratic senators said would have to be written in a way to avoid driving financial activity offshore. "I don't want to impose a tax that clearly is going to...

The Fox guest was very soft on the tax, saying things like "something has to be taxed" and "what does Wall St. expect", not mention the bit about Perlmutter and Defazio "just trying to look for a way to reduce deficit spending". BTW, he (Al Lewis) writes for the Denver Post -- you know, the same...

Hopefully that letter is from one of the three CA congress members that co-signed HR 1068 and someone else.

Done!

Great article -- I wonder if Dubai will make it the top ten of Trader Monthly's best cities for traders again this year :D

I wonder how much face time these people will be getting with the prez? This is afterall being billed as "Obama's Jobs Summit", so you know he'll be listening. Let's hope there's good coverage from this summit.

Actually Rsikit, both Mishel and Krugman are going to be attending the Jobs Forum on Thurs. You have to assume the chances of them not bringing up the tax at this high profile meeting are slim if they are given the chance...

Yeah, he said "point zero zero five percent" -- but he was just some scrub reporter with no real insight. The 0.005% rate has been mentioned in various Tobin Tax reports.

IMF: Tobin Tax a Possibility http://blogs.wsj.com/economics/2009/11/30/imf-tobin-tax-a-possibility/ November 30, 2009, 3:38 PM ET By Bob Davis In Pittsburgh, the G-20 leaders asked the International Monetary Fund to review a financial sector tax that could be used to pay for shutting...

This report was just as lame as their previous one -- just another guy reciting what he's read on wikipedia and various articles/blogs -- saying that it needs to be international -- offered no insight on the upcoming jobs bill -- put in zero effort into getting feedback from people that matter.

Hey Rsikit -- is that Monday as in today or Monday as in a previous Monday? Thanks