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Tax on Wall Street Speculation


Congresswoman Barbara Lee and Senator Bernie Sanders Introduce #Tax on #WallStreet #Speculation








"Since 1985, Wall Street bonuses have surged by 1165%. It is past time for Wall Street to pay society back for the incredible damage it did in 2008—and continues to do. The Tax on Wall Street Speculation Act would enact a financial transaction tax of 0.5% on the trading of equities, 0.1% tax on the trading of bonds and 0.005% on the trading of derivatives. Economic analysis has estimated that it would raise $220 billion per year."

https://lee.house.gov/news/press-releases/congresswoman-barbara-lee-and-senator-bernie-sanders-introduce-tax-on-wall-street-speculation-act-of-2023