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Financial Speculation Tax Could Cut Deficit - Latest News

Financial speculation tax could cut deficit

NEW YORK ( -- As the deficit debate in Washington grows increasingly noisy, a research group said Monday that a tax on financial "speculation" could help resolve some of the nation's thor... read more

How the US midterm elections could impact the dollar and equities

Hence, while one could argue ... bed any surviving speculation for more tax cuts, which may weigh on stocks, albeit not by much. In currency markets, the dollar would likely trade lower as well. Fadin... read more

Trump tax cuts carry a big price tag: Huge debt and risk of another financial crisis, budget office warns

The tax cuts championed by President Trump are helping push the nation toward an unprecedented level of debt, heightening the risk of another financial crisis ... It is estimated to increase the defic... read more

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Trump's Additional Budget Deficit Was Largely Due To The Corporate Tax Cut

In the most recent report ending in September 2018 for the full fiscal year 2018 it shows that the federal budget deficit increased ... Math doesn’t work for the tax bill to be “revenue neutral” Trump ... read more

Is Social Security ballooning the federal deficit?

Both of these Trusts are funded three ways: A 12.4% payroll tax on ... for a 21% cut to benefits by 2034 – but it wouldn't make one iota of difference to the federal budget deficit. Grasping at straws ... read more

Fact check: Trump's tax cut pitch to midterm voters. Is it what he claims?

The Office of Management and Budget said last month that they'd revised their forecasts to account for a deficit ... after the tax cut, Trump and his allies touted the millions of Americans who would ... read more

How the midterm elections could reshape the economy

However, stocks also tended to rebound strongly coming out of midterm election-year lows," LPL Financial wrote in a research ... including additional tax cuts that could further widen the deficit," UB... read more

Calling Wall Street A ‘Gambling Casino,’ Democratic Rep. DeFazio Proposes Financial Transactions Tax

The tax could help shrink the deficit — its previous iteration was estimated to add $150 billion a year to federal coffers — and spare Social Security, Medicare and other programs from jarring cuts .. ... read more

Italy stares down EU finance ministers on budget deficit

Following an ultimatum from European finance ministers three weeks ago, Rome had until midnight on Tuesday (Wednesday 9am AEDT) to rewrite its budget in line with eurozone financial ... "excessive def... read more

Wall Street Speculation Tax: A Way to Address Corruption

A small tax on flipping stock, options, credit default swaps and other derivative instruments would drastically reduce the size of these markets, thereby reducing the opportunities for market manipula... read more

Social Security and the U.S. deficit: Separating fact from fiction

By law, Social Security cannot contribute to the federal deficit ... benefit cuts. Other creative options could include permitting the Social Security trustees to invest a modest portion of reserve fu... read more

Obama Plans to Cut Deficit in Half by 2013

The statement did not name any specific banks or respond to reports that the government was considering increasing its ownership of Citigroup Inc. The White House just last week downplayed persistent ... read more

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