Kamala wants a 0.2% transaction tax

[Option_Attack]

 

[Overnight]

the thread title says .2%
on $400K, that is in fact $800...

I wasn't responding to the thread title. I was responding to...

.002% of 400,000 is 8.

 

[RGLD]

Is she still after that policy? She purposed it during her campaign. Now that she's dropped out and is a VP pick instead maybe her Medicare for all would be rolled back? Remember Trump talked a big game when he was campaigning too so he can standout. Joe Biden seems ambivalent.

 

[Math_Wiz]

Is she still after that policy? She purposed it during her campaign. Now that she's dropped out and is a VP pick instead maybe her Medicare for all would be rolled back? Remember Trump talked a big game when he was campaigning too so he can standout. Joe Biden seems ambivalent.

You're right, Kamala's FTT seems to come from July 2019. Perhaps things have changed.

 

[RGLD]

You're right, Kamala's FTT seems to come from July 2019. Perhaps things have changed.

As a VP, I doubt she can get that through without Biden's approval. Assuming the guy can still put 2 sentences together after November.

 

[Math_Wiz]

https://www.wsj.com/articles/biden-tax-agenda-hinges-on-democratic-control-of-senate-11597586400

I don't have a subscription to WSJ. Can anybody tell me the gist of what it says?

 

[Math_Wiz]

https://www.nbcnews.com/business/ec...icy-roll-back-tax-cuts-expand-health-n1236584

 

[Math_Wiz]

As a VP, I doubt she can get that through without Biden's approval. Assuming the guy can still put 2 sentences together after November.

Doesn't look like it would be too hard to get Biden's approval if the Dems hold the Senate.

 

[p0box4]

Doesn't look like it would be too hard to get Biden's approval if the Dems hold the Senate.

View attachment 237455

It looks Biden already approves of the idea of having a financial transaction tax.

End of 2019 in a CNBC interview he said we "should have a financial transaction tax".

 

[ph1l]

It sounds like the tax would be on the trade value.
https://www.kiplinger.com/taxes/601220/kamala-harris-tax-policy-proposals

August 15, 2020
...
Sen. Harris also called for a financial transaction tax as a presidential candidate. Under her plan, there would be a 0.2% tax on stock trades, a 0.1% tax on bond trades, and a 0.002% tax on derivative transactions.

This could explain why derivatives with their high notional values would have a lower rate than stocks.