1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
AFL-CIO March on Wall St today:
MARCH ON WALL STREET TODAY â As debate begins on financial reform on the Senate floor this afternoon â with a series of populist amendments expected â the AFL-CIO holds a rally in NYC today. The event begins at 4 p.m. by City Hall Park and concludes at the NYSE. AFL-CIO president Richard Trumka will be on CNBC from the Exchange at 9:10 a.m. Dylan Ratigan will host live from the event on MSNBC and Mary Snow will be there for CNN's 'The Situation Room.'
Not good that this March is going to get a lot of press. I'm sure the dreaded FTT will be discussed. Also there is talk that the progressives are going to offer a lot of 'populist' amendments to the new financial bill that starts being debated on the Senate floor today. It will be interesting to see what those amendments might be.
Also since they dropped the $50B wind down fund in the Financial Reform Bill the Senate needs to find a new revenue source to make the bill deficit neutral (per Politico)...I'm sure a FTT isn't in the mix though as it's been ruled out over and over again
-Guru
MARCH ON WALL STREET TODAY â As debate begins on financial reform on the Senate floor this afternoon â with a series of populist amendments expected â the AFL-CIO holds a rally in NYC today. The event begins at 4 p.m. by City Hall Park and concludes at the NYSE. AFL-CIO president Richard Trumka will be on CNBC from the Exchange at 9:10 a.m. Dylan Ratigan will host live from the event on MSNBC and Mary Snow will be there for CNN's 'The Situation Room.'
Not good that this March is going to get a lot of press. I'm sure the dreaded FTT will be discussed. Also there is talk that the progressives are going to offer a lot of 'populist' amendments to the new financial bill that starts being debated on the Senate floor today. It will be interesting to see what those amendments might be.
Also since they dropped the $50B wind down fund in the Financial Reform Bill the Senate needs to find a new revenue source to make the bill deficit neutral (per Politico)...I'm sure a FTT isn't in the mix though as it's been ruled out over and over again
-Guru
What said that?
-Guru
Mulcair Says Canada Should Back G-7 Financial Transaction Tax:
http://www.businessweek.com/news/20...hould-back-g-7-financial-transaction-tax.html
April 29 (Bloomberg) -- Thomas Mulcair, deputy leader of Canadaâs opposition New Democratic Party, said Finance Minister Jim Flaherty should support efforts by some of his Group of Seven peers to tax the financial system, particularly the idea of a levy on financial transactions.
Mulcair, 55, said a transactions tax, designed to not penalize small savers shifting investments, would help countries curb speculation and raise funds.
Mulcair, a member of the House of Commonsâ finance committee, said his party would make a tax on financial transactions a part of its platform in the next election. He has represented the Montreal district of Outremont since 2007. Before that, he served as sustainable development and environment minister with the provincial Liberal Party.
-Guru
http://www.businessweek.com/news/20...hould-back-g-7-financial-transaction-tax.html
April 29 (Bloomberg) -- Thomas Mulcair, deputy leader of Canadaâs opposition New Democratic Party, said Finance Minister Jim Flaherty should support efforts by some of his Group of Seven peers to tax the financial system, particularly the idea of a levy on financial transactions.
Mulcair, 55, said a transactions tax, designed to not penalize small savers shifting investments, would help countries curb speculation and raise funds.
Mulcair, a member of the House of Commonsâ finance committee, said his party would make a tax on financial transactions a part of its platform in the next election. He has represented the Montreal district of Outremont since 2007. Before that, he served as sustainable development and environment minister with the provincial Liberal Party.
-Guru
4:00 in "give us a transaction tax of a quarter of a penny...."
http://www.cnbc.com/id/15840232/?video=1480745337&play=1
Originally they wanted .25% of the value. I have been out of the loop I guess. .25 of a penny is more reasonable.
http://www.cnbc.com/id/15840232/?video=1480745337&play=1
Originally they wanted .25% of the value. I have been out of the loop I guess. .25 of a penny is more reasonable.
a new video on Robin hood main page:http://robinhoodtax.org.uk/
Continue to parody leaders, that serves us...
Continue to parody leaders, that serves us...