Rep. Defazio, in his less than infinite wisdom, has submitted a bill, H.R.
1068 on 2/13/2009 impertinently named
Let Wall Street Pay for Wall Street's
Bailout Act of 2009
To amend the Internal Revenue Code of 1986 to impose a tax on certain securities
transactions to the extent required
to recoup the net cost of the Troubled
Asset Relief Program.
The Bill can be found on loc.gov
Securities and Exchange Act of 1934 Section 31 (b) (c) (d)
NY Times columnist Herbert wrote for the concept
Barrons, on the other hand ....
You can track the bill on govtrack.us
You can find your representative here
Ways and Means Committee membership
There's a thread on elitetrader about it.
A discussion by noted Trader Tax authority Robert Greene (pdf)
A white paper (white wash?) on transaction taxes by Center for Economic and Policy Research (pdf)
Proposed letter to congressmen (thanks Champ, Huddy ?) 2/17/09 pdf
More to come....
Scylnx
15:35 scorp: just a reminder, tomorrow night [2/18/09] at 8:00PM eastern,
7:00PM central, there will be a session here [eChat, bline room] on how to
get the word (to fellow traders, congresspersons, etc) out about the traders
tax
Last updated 02/18/2009