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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 thor... read more

The Tax Cuts Might Not Stimulate The Economy At All

We also argued that the timing of the tax cuts was unfortunate as the economy is in full swing already and close to full employment. Any stimulus, especially one of the considerable size of the presen... 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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A Wall Street Gambling Tax: The Remedy to Inequality

Since the vast majority of voters across the political spectrum reject cuts to ... with whatever deficit problems may arise down the road. Most obviously, insofar as we need more revenue, we can look ... read more


How California’s public schools are grappling with growing pension costs

California’s public schools have enjoyed a remarkable restoration of funding since the bone-deep cuts ... programs could suffer, technology could suffer, intervention programs could suffer,” Fine said ... read more

Mayor tackles $17M deficit in proposed financial plan for city of Gary

GARY — Mayor Karen Freeman-Wilson has offered her vision to get control over a $17 million structural deficit and put city government on stable, financial ... said the city could save $3.24 million an... read more

Top White House Adviser Wrong About the Deficit, According to White House Report

The Congressional Budget Office (CBO) estimated that the tax law would increase the deficit by more than $1 trillion over a decade (some independent analysts warned that the full effect could ... fina... 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

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

UPDATE 1-Argentina primary deficit falls to 0.8 pct of GDP in first half

Officials have said they may delay implementing elements of a tax ... could withhold further disbursements. In June, the government posted a primary deficit of 56.7 billion pesos and a financial defic... read more

Stocks don't need tax cuts to keep going strong

And there is speculation that ... And any relief on the tax front for those companies could push their stocks higher. A tax bill that gets through the Senate could be a boost to banks as well. Many bi... read more

Seven Ways to End the Deficit (Without Throwing Grandma Under the Bus)

More Fairness, Less Deficit Our first three proposals could ... tax on stock and derivatives transactions, which several European countries are on track to adopt, would discourage Wall Street speculat... read more



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