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

Quote from andohmeeta:

Does anyone have any technical knowledge on the historical reliability of the Rasmussen daily Presidential Tracking Poll? At this stage, is the 48% Romney 44% Obama a potential swing indicator?
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The presidential election is still a tossup, but right now congress is key for the FTT. All tax legislation has to go through the House Ways & Means Committee and the Senate Finance Committee. As long as Republicans control the House of Representatives the FTT won't see the light of the day. If the Democrats take control the FTT will be front-and-center on day one.

Regarding polling, most of the polls today are of registered voters and not "likely voters" so I'm not sure how accurate they are. After the party conventions this summer there will be fewer undecided voters, the polling will shift to "likely voters" and it will be a better predictor of the final outcome.
 
(Reuters) - Germany's government and opposition have agreed they want to introduce a transaction tax on all financial instruments if possible, according to a copy of the agreement obtained by Reuters.

"Such a tax should include all financial instruments if possible, in particular shares, bonds, investment stakes, currency transactions as well as derivate contracts," the agreement read.

"The government expects the (EU) Commission to give this project the highest priority and to carry out all steps as soon as possible so that the European legislative process can be concluded by the end of 2012 if possible."

"The national implementation then takes place immediately."

http://in.reuters.com/article/2012/06/21/eurozone-germany-tax-idINB4E8G702B20120621

What a joke. Even though the European Commission's own proposal is likely to be scrapped tomorrow, Germany demands an even more broadly based FTT including a currency FTT which wouldn't even be legal under EU law as it hinders free movement of capital.

No chance of success but I guess they'll get the SPD and Greens to sign the fiscal compact.
 
Quote from Explorer:

(Reuters) - Germany's government and opposition have agreed they want to introduce a transaction tax on all financial instruments if possible, according to a copy of the agreement obtained by Reuters.

"Such a tax should include all financial instruments if possible, in particular shares, bonds, investment stakes, currency transactions as well as derivate contracts," the agreement read.

"The government expects the (EU) Commission to give this project the highest priority and to carry out all steps as soon as possible so that the European legislative process can be concluded by the end of 2012 if possible."

"The national implementation then takes place immediately."

http://in.reuters.com/article/2012/06/21/eurozone-germany-tax-idINB4E8G702B20120621

What a joke. Even though the European Commission's own proposal is likely to be scrapped tomorrow, Germany demands an even more broadly based FTT including a currency FTT which wouldn't even be legal under EU law as it hinders free movement of capital.

No chance of success but I guess they'll get the SPD and Greens to sign the fiscal compact.
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populist bastards
 
Quote from sheda:

http://www.ipsnews.net/2012/06/u-s-financial-professionals-call-for-transaction-tax/
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Where do they come up with this crap? I don't believe it at all and I bet it is liberal lies, like usual.

Someone find this "open" letter if it exists. I would like to see the names on it. That whole article reads just like the other liberal ones from the past...."help the poor", 63% like the FTT, only impacts banks and HFT...blah blah blah.

Edit: also that website is liberal spew...it's not an official PRNewswire, etc...
 
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