Tag Archive for Financial Transaction Tax

Wall Street Journal Columnist Cites CPEG Study as Financial Transaction Tax Gains Momentum

The idea of a Financial Transaction Tax (FTT), a small tax on financial transactions that could generate $537 Billion annually for the ailing economy, has been steadily gaining momentum. Recently, it’s been championed by Labor Unions, the Occupy Movement, and some Democratic Lawmakers. But on January 5th, the FTT found support in a very unlikely place.

The Wall Street Journal, not exactly a clearinghouse for progressive ideas, published an online column entitled “To Reclaim the Envy of the World, Wall Street Must Pay“. Written by WSJ online’s David Weidner, the column cites our study in it’s call for a Financial Transaction Tax, which it points out would “create new forms of revenue for cash-strapped regulators and gently apply the brakes to trading run amok in the markets.

Read the Full Column

How a Small Financial Transaction Tax Could Put Every Unemployed American Back To Work

A common theme among critics of the Occupy Movement has been the argument that the movement lacks specific demands. Seeking to address this point in his article Three Reasonable Demands. And Two Requests. on Common Dreams, Paul Buchheit cites our study showing that a small tax on financial transactions could generate $537 Billion annually. That’s enough to finance 15 million jobs at $35,000 per year, enough to employ every jobless American.

CPEG’s Bill Barclay talks Transaction Tax and Jobs on Fox Business News

CPEG’s Bill Barclay appeared on Fox Business News today to explain how a tiny Financial Transaction Tax in Chicago could mean 40,000 new jobs for the unemployed.