Tag Archives: Chaka Fattah

1% Transaction Tax

Posted on September 8, 2010 , Updated on September 29, 2010; June 5, 2012

Q: Is “Obama’s finance team” recommending a 1 percent tax on all bank transactions, as a chain e-mail claims? A: No. This idea was first floated in 2004 by one House member, who says it would replace the federal income tax and eliminate the national debt. So far it has …
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