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Financial Speculation Tax Could Cut Deficit - Latest News


Financial speculation tax could cut deficit

NEW YORK (CNNMoney.com) -- 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 ... read more

Tax, spending divide hampers deficit cut push

WASHINGTON (Reuters) - Two more proposals to cut the budget deficit ... financial firms. Our Fiscal Security includes the following groups: the Economic Policy Institute, The Century Foundation and ... read more

Ralph Nader: Why a tax on stock trades should be part of a fiscal cliff deal

As if its deficit-reducing potential weren’t enough, a financial transaction tax could reduce ... Critics claim that a speculation tax would harm ordinary investors. But here is a reality check: Many ... read more

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Cut Wall Street Down to Size With a Financial Speculation Tax

If a tax of only 0.25 percent on each transaction had been in place for just the twenty most frenzied minutes of that day, traders would’ve faced $142 million in fees. And remember AIG’s credit ... read more


Is Financial Transaction Tax Just a ‘Crazy Democratic’ Idea? Bloink & Byrnes Go Thumb to Thumb

Bloink: This miniscule tax would generate an enormous amount of revenue that could be used to support ... to be high-frequency trades. Speculation and an almost gambling-like mentality is what got us ... read more

Tax cuts are causing a massive US debt deficit, believe it or not

Zero research, only speculation ... The only thing that could make this work would be if the tax cuts resulted in a much stronger economy that produced more revenue that ultimately reduced the deficit ... read more

Trump’s tax cuts for Betsy DeVos and the very rich are being paid for by education cuts

According to her 2018 personal financial ... cuts personally after public outrage. Ironically, as the CAPAF analysis noted, the $10 million DeVos may have received in cuts from the tax bill could ... read more

Here's an Idea -- Reduce the Deficit By Taxing Securities Trades

That would help offset the costly bank bailouts in the region following the 2008 financial crisis and help countries reduce their budget deficits. Second, the tax might help limit the kind of ... read more

Why the $1.7 trillion deficit-ballooning tax cut might not spark a bond sell-off

The widespread belief that tax cuts — and ... Zandi’s forecast could prove conservative. Even without the current tax bill, the Congressional Budget Office estimated that the annual budget deficit ... read more

Budget deficit almost halved in just two months as tax revenue surges

The Federal budget has improved by almost $10 billion in just two months, creating a war chest for the Turnbull government's pre-election income tax cuts ... could even be delivered this financial ... 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 ... read more

PREVIEW-Tax, spending divide hampers U.S. deficit cut push

WASHINGTON, Nov 29 (Reuters) - Two more proposals to cut the U.S. budget deficit emerged on Monday ... They additionally urged a financial speculation tax; a tax on roughly 60 major financial ... read more



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