Help Prevent the Next Wall Street Meltdown
Urge Your Member of Congress to Support the “Putting Main Street FIRST” Bill
Although much of the excessive risk on Wall Street is derived from high-volume, short-term speculative trading, which helped cause the 2008 Wall Street collapse and the trillion-dollar 2010 “flash crash,” these practices are still common on today’s trading floors. U.S. Rep. Peter DeFazio’s bill will levy a .03 percent tax on most financial trades.
This tax, which will cost 3 cents for every $100 spent, will discourage risky trading behaviors that put everyday Americans’ investments on the line. It also is expected to collect more than $417 billion in revenue in the next decade for our communities.