See Guru there are tons of crap out there, and when they talk about the administration from when I emailed the autor of this , its who they can get a hold of in congress, which meant you know who, DeFazio. So for now it is talk in congress and we know that. Its not like the legislation isnt there, we all know HR1068 is there, but yet not even looked at or debated , no hearings on it. Alot of the talk from others about it are posturing to get there way in some say in other legislation. As of now, nothing doing with current legislation and all talk so far. Again, the key is the senate, with rebuplicans agaisnt this and many Dem Senators, it has no chance even if it came in for a vote at some point. The amounts of they talk about here in the states are the most worrying, becuae they are .1-.25% there is always discussion of different amounts. That article you mentioned about downing street talking about the Obama admin was early on after Brown got snubbed, so it was more trying to save face. Also as you can see in subsequent articles, it is never mentioned again, and then Downing street focuses on saying things like" Brown just opened a discussion and his focvus wasnt the tax, and he is for a insruance type levy" So they were changing there minds every other article trying to save face. I am all for them trying it on European level as they suggested and see what happens. I feel no threat from international levy, as must people say it is dead. We have to worry about congress being stupid here, but I doubt it would make it far anyways.
1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
See Guru there are tons of crap out there, and when they talk about the administration from when I emailed the autor of this , its who they can get a hold of in congress, which meant you know who, DeFazio. So for now it is talk in congress and we know that. Its not like the legislation isnt there, we all know HR1068 is there, but yet not even looked at or debated , no hearings on it. Alot of the talk from others about it are posturing to get there way in some say in other legislation. As of now, nothing doing with current legislation and all talk so far. Again, the key is the senate, with rebuplicans agaisnt this and many Dem Senators, it has no chance even if it came in for a vote at some point. The amounts of they talk about here in the states are the most worrying, becuae they are .1-.25% there is always discussion of different amounts. That article you mentioned about downing street talking about the Obama admin was early on after Brown got snubbed, so it was more trying to save face. Also as you can see in subsequent articles, it is never mentioned again, and then Downing street focuses on saying things like" Brown just opened a discussion and his focvus wasnt the tax, and he is for a insruance type levy" So they were changing there minds every other article trying to save face. I am all for them trying it on European level as they suggested and see what happens. I feel no threat from international levy, as must people say it is dead. We have to worry about congress being stupid here, but I doubt it would make it far anyways.
Guardian.co.uk seems to be a proponent of the tax given that they are running other pro trans tax articles such as "Don't let a backlash knock out Tobin tax":
http://www.guardian.co.uk/commentisfree/2009/nov/10/tobin-tax-backlash-financial-transactions
Yeah there is a lot of Bias over there becuase a lot of the NGO'S and charity organizations line there pockets. Also did you see the article on a union in the UK wanted to implement the tobin tax on the C.H.A.P.S system, which is an instant money moving system in over there. Seems like its kind of like the U.S. wire system, but dam they act quick when they want to tax sometthing and it was rebuffed like this wekend they just pick on something else!
http://www.forextv.com/Forex/News/ShowStory.jsp?seq=1125481&category=Economic+News
http://www.forextv.com/Forex/News/ShowStory.jsp?seq=1125481&category=Economic+News
Anyways we can for now go off facts until the facts are otherwise proven different. Fact US, CANADA, RUSSIA, ECB AND IMF all oppose the trasnaction tax. The IMF despite what some articles say, they are not looking into the transaction tax as one of thier proposals to the G20 in April of next year. Dominic Staruss Kahn stated such 2 days ago. The only 2 administrations for the tax are the French and British( British is suspect becuase last month Brown was against it) Germany had spoken on it before their elections, but since their elections we have not heard anything, and they now have a new finance minister then the one who supported the tax last month. So they United States administration shot it down, despite what Downing street had said, Geithner himself at a g-20 meeting this past weekend said no. At these meetings he is not speaking his own personal opionions but those of the administrations. Just like the many other finance ministers that were against it. So those are the facts on an international level, which speak every clearly. On a stateside level we have some left wing dare I say radicals who support this, but nothing where it matters yet. As of yet legislation was submiited in February of this year but not looked at or discussed in the house ways and means committe. We have to keep an eye out as each bill clears, the healthcare, transaportation bill, and financial reform bill. Each bill brings us one step closer to being a dead issue here in the states, becuase we do not them sneaking in this issue to fund thier projects. Keep emailing your congressman/senators/committee members, even if you are not a consituent. If they are integeral to this issue you can email them.
Very nice laid out summary of where things currently stand. I agree with you on all counts...
-Guru
Transaction Tax Still Has Traction, Lawmaker Says:
"Back in the U.S., lawmakers who back the idea arenât worried, and continue to discuss it, including with administration officials. âI know they [administration officials] are beginning to take a look at this in one fashion or another, too,â Rep. Ed Perlmutter (D., Colo.), an influential member of the House Rules and Financial Services committees, said in a telephone interview on Monday. âI do think they are willing to take a look at some thingsâ¦.Itâs one weâre going to continue to pursue.â
"A transactions tax is being discussed in the House as a way to offset the cost of additional infrastructure spending to stimulate the economy. It also could surface as a way to cut the huge federal budget deficit next year."
http://blogs.wsj.com/washwire/2009/11/09/transaction-tax-still-has-traction-lawmaker-says/
This is the first I have heard of this Ed Perlmutter... I guess they are still gunning for it here in the US even though Geithner doesn't like it
-Guru
"Back in the U.S., lawmakers who back the idea arenât worried, and continue to discuss it, including with administration officials. âI know they [administration officials] are beginning to take a look at this in one fashion or another, too,â Rep. Ed Perlmutter (D., Colo.), an influential member of the House Rules and Financial Services committees, said in a telephone interview on Monday. âI do think they are willing to take a look at some thingsâ¦.Itâs one weâre going to continue to pursue.â
"A transactions tax is being discussed in the House as a way to offset the cost of additional infrastructure spending to stimulate the economy. It also could surface as a way to cut the huge federal budget deficit next year."
http://blogs.wsj.com/washwire/2009/11/09/transaction-tax-still-has-traction-lawmaker-says/
This is the first I have heard of this Ed Perlmutter... I guess they are still gunning for it here in the US even though Geithner doesn't like it
-Guru
Quote from listedguru:
http://blogs.wsj.com/washwire/2009/11/09/transaction-tax-still-has-traction-lawmaker-says/
This is the first I have heard of this Ed Perlmutter... I guess they are still gunning for it here in the US even though Geithner doesn't like it
-Guru
"Rep. Ed Perlmutter of the 7th Congressional District said he would prefer to fund the plan partly through a tax on stock trades. âWe helped Wall Street. Now Wall Street can help Main Street!â he exclaimed.
Perlmutter laid out a plan to tax every thousand dollars in stock trades $2.50. His actions would reinstate a tax that was discontinued in 1966."
http://coloradoindependent.com/40319/colorado-dems-champion-health-care-public-option-debate-funding
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perlmutter, i heard is name at the beginging of this year with this crap to. so notning new. did u expect the defazio crew to let this rest
the are tryin to show that high ups in their own administration that speaks for the administration, like geithners opinion doesnt matter. again just email everyone be proactive but until this thing gets any hearings there is not much tne big lobbyists will do until this gets a real look. read the article from robert green i posted its a very good read. sorry for all lowercase guru , i am on my cellphone
the are tryin to show that high ups in their own administration that speaks for the administration, like geithners opinion doesnt matter. again just email everyone be proactive but until this thing gets any hearings there is not much tne big lobbyists will do until this gets a real look. read the article from robert green i posted its a very good read. sorry for all lowercase guru , i am on my cellphoneReid Weighs Medicare Tax on Capital Gains to Fund Health Bill
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ai8HxYoRqUt8
Better than a transaction tax.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ai8HxYoRqUt8
Better than a transaction tax.