1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
I haven't had a chance to listen to this yet (just found it) - but I think this is the interview where Geithner talks about the transaction tax:
http://www.economist.com/blogs/freeexchange/2009/10/an_interview_with_the_tim_geit.cfm
-Guru
http://www.economist.com/blogs/freeexchange/2009/10/an_interview_with_the_tim_geit.cfm
-Guru
This is VERY VERY VERY good news *cracks a beer*
GIDDDDDDDYUUUUUUUP GEITHNER
GIDDDDDDDYUUUUUUUP GEITHNER
I know Geitner doesnt vote on tax law but atleast its someone very influential talking about how it doesnt make sense, he says that in the versions he sees it doesnt make sense. Someone asked a question about .5% tax and said it would ultimatley fall on the taxpayers and put firms out of business and Geitner said it was the same concerns he had and thats why that type of financial tax version doesnt make sense. He eluded to insitutions paying for a future crisis if it happens the same way small ones do. i.e. the banks and FDIC model that IMF was looking at. Geitner says that is what they proposed, well it seems that from what he said. But I agree while this is great news on a friday 2010 elections cannot come soon enough and hopefully congress can become a little more balanced after that!