Tag: Peter DeFazio
Dec 13 2009
H.R. 1068, the Let Wall Street Pay for Wall Street’s Bailout Act.
Wall Street Transaction Tax Proposed by Democrats
Ryan J. Donmoyer
Dec. 3, 2009 (Bloomberg) — A group of congressional Democrats proposed taxing large transactions in stocks and derivatives, an idea that has received a cool reception from the Obama administration. […]
.25 Percent for Stocks
The measure would be based on legislation DeFazio proposed in the House that would apply a tax of 0.25 percent or 25 basis points to stock transactions in excess of $100,000, and a levy of 0.02 percent or 2 basis points on derivatives including futures, options, swaps and credit default swaps.
Harkin and DeFazio said the proposed new levy is backed by more than 200 economists, the AFL-CIO labor union federation and business leaders including Warren Buffett and Vanguard Group Inc. founder John C. Bogle, now president of Bogle Financial Markets Research.
Nov 20 2009
Pete DeFazio Slams Tim Geithner & Larry Summers (TheYoungTurks)
Is it finally Time to Bail Out — MAIN Street ?
Wall Street HAS gotten all their Trillion Dollar Bail Out $$$$$$$$$$$$$
AND so far NOT much of it has Trickled Down to Main Street — Where it’s Most Needed!
Something ‘s got to give — and Soon!
Before Small Town America, (and Metro-America) rolls up the welcome mat, and fades into history.