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

Quote from Explorer:

France joins the UK and Germany in opposition to plans for creating an EU tax.

http://euobserver.com/9/30606
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your response is the half full half empty outlook on life.

"Belgium, as the current holder of the rotating EU presidency, and the home country of EU Council President Herman Van Rompuy, is in a good position to put the tax idea high on the agenda of EU finance ministers in September, when Mr Lewadowski aims to put forward a formal proposal."
 
Quote from zdreg:

your response is the half full half empty outlook on life.

"Belgium, as the current holder of the rotating EU presidency, and the home country of EU Council President Herman Van Rompuy, is in a good position to put the tax idea high on the agenda of EU finance ministers in September, when Mr Lewadowski aims to put forward a formal proposal."
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The introduction of any EU-wide tax would mark a fundamental shift in the way the way the EU operates intruducing a huge transfer of sovereignty from each individual state towards the EU. This change would require unanimous agreement from every member state. Just one veto from one country would be enough to scupper it. Given the clear opposition from the three largest countries, it just isn't going to happen, regardless of what Belgium puts on the agenda (imo):)
 
With the recession and ongoing changes in Washington DC, government spending is headed higher and tax revenues have dropped. The escalating budget deficit is starting to threaten the U.S. dollar and Treasury market. The 2010 mid-term elections may slow down big-ticket tax increases on the upper class, and the Bush administration tax cuts on that group expire in 2011. Politicians are hungry for new sources of revenue, and unfortunately one group they are targeting is traders and banks. Several health-care and jobs proposals or bills have included a financial-transaction tax and/or increases to long-term capital gains tax rates; rising from 15 to 20 percent with repeal of the Bush tax cuts and the House's health care bill proposed raising the rate further to 24 percent.
 
Quote from Explorer:

The introduction of any EU-wide tax would mark a fundamental shift in the way the way the EU operates intruducing a huge transfer of sovereignty from each individual state towards the EU. This change would require unanimous agreement from every member state. Just one veto from one country would be enough to scupper it. Given the clear opposition from the three largest countries, it just isn't going to happen, regardless of what Belgium puts on the agenda (imo):)
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This is what a UK politician thinks of Van Rompuy.

:mad:

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Quote from listedguru:

New Senators want to change way Senate works:

http://news.yahoo.com/s/ap/us_frustrated_senate

This is something we need to keep an eye on as well. There are many dems who want to change (get rid of) the filibuster rules in the Senate. That would be very bad news for bills like a FTT.

-Guru
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I saw stories on this a few months ago, and recently saw some stories indicating that this won't be happening, as some Senate Democrats are dead set against it, as well as all Republicans. I think the Senate Dems. that are against this see the obvious writing on the wall, in that the Republicans are expected to pick up at least 6-7 seats in November. Then, in 2012, there are 33 Senate seats up for grabs. 23 of these seats have to be defended by Democrats, while only 10 have to be defended by Republicans. 9 of these GOP seats are in very safe Republican territory, with the only seat in question being in MA, where Scott Brown will have to win again. Of the 23 Democrat seats up for grabs, there will be numerous seats in play that now favor the Republicans. States like Delaware, Florida, Michigan, Minnesota, Missouri, Nebraska, New Jersey, Ohio, Pennsylvania, Virgina, and Wisconsin.
If you look at the 2010 Senate race polling numbers, the GOP is winning in Delaware, Florida, Missouri, Ohio, Pennsylvania, and Wisconsin. I would definitely expect the trend to continue into 2012, because riding Obama's coattails won't work this time. I honestly feel that Obama won't even win a second term. It will all hinge on the right GOP candidate running against him. Forget about Romney, Palin, Gingrich, etc..... I think a retired, or currently active duty military general would be a good fit to run. Keep an eye on General David Petraeus. As for this filibuster garbage, the Democrats won't change it, because after the 2012 elections, the Republicans will win the Senate majority. I think many Senate Democrats see that writing on the wall. But if the Dems. want to be so stupid as to change the filibuster rules, go right ahead. In 2012, when the GOP takes the White House, and both Houses of Congress, it will be that much easier for the Republicans to totally dismantle Obamacare!!!!!!




http://www.google.com/url?sa=t&sour...hMqxHWRI-SckEXKlQ&sig2=7s2GUMZpaIEEnPTRFFiz8w


http://www.google.com/url?sa=t&sour...lqkm89_uVYuUwhI7w&sig2=XyNrCgYQzidpmMufVx03oA
 
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