1/4% Tax on all stock trades pushed in NY Times today

This is from the draft document approved by the dems in Orlando over the weekend. Here is their statement on the ftt:

"We support a financial transactions tax on Wall Street to curb excessive speculation and high-frequency trading, which has threatened financial markets. We acknowledge that there is room within our party for a diversity of views on a broader financial transactions tax."

The only form of ftt that Hillary has come out in support of previously is a tax on order cancellations for hft's (basically order stuffing). I would assume the above statement is meant appease the bernie and warren crowd. ASAIK Hillary has not changed her stance on the ftt.

-Guru
 
He said another recent event also boosted the profile of the issue: Britain's departure from the European Union. The EU approved a financial transactions tax, but it had been held up by British opposition, Mr. DeFazio said.

“We have been helped by Brexit,” Mr. DeFazio said.
More...

Held up by British opposition? Now the Brits are gone the 27 will come together in harmony and impose it as the french bang on about becoming the new financial center of europe and need a tax system to attract investors? Uh.....
 
 
LUXEMBOURG, Oct 11 (Reuters) - The European Commission has been given a mandate to draft a financial transactions tax (FTT) law but work still needs to be done on the proposal, the EU's economics commissioner said on Tuesday.

Germany and France proposed an FTT in 2012 as much as a political symbol as an effort to correct the excesses blamed for the worst financial crisis for decades. The tax has been debated ever since, with countries still disagreeing on how to levy it, on which products, for which companies and at what rate.

Late on Monday, the finance ministers of the 10 countries that are considering adopting FTT held a meeting in Luxembourg on the sidelines of a regular meeting of euro zone ministers.

"My services, toghether with the technical group of the participating countries, will now draft a legal text on which we will seek political agreement over the next weeks," Pierre Moscovici said in a statement released on Tuesday.

He said that ministers at Monday's meeting had agreed on some important measures that form "the core engine" of such a tax, but gave no further details.

Moscovici made also clear that "there is still some analysis to be done," speaking to reporters in Luxembourg.

He has set a new informal deadline to reach a deal by the end of 2016. Several deadlines have been missed over the years.
 
More nonsense from politicians. The EU politicians are a special breed of no action socialists.
Even if they did push it through its a worse time than ever to do so with Britain leaving the EU. London just becomes the hub to avoid it.
 
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