McMartin, Sean

New Effort To Make Wall Street Pay

By Sean McMartin

Finally, there is a sign that those in Washington are hearing the cries from protestors around the country about making Wall Street pay for the damage they have done to the economy.

Legislation imposing a financial transaction tax was introduced today in the Senate by Sen. Tom Harkin, D-Iowa, and in the House by Rep. Peter DeFazio, D-Ore, that could raise somewhere between $700 billion and $1.2 trillion over 10 years, The Huffington Post reported.