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The 'Robin Hood Tax' is back, and the Koch brothers hate it

(Source: Teamster Nation, February 28, 2013)

WASHINGTON, D.C. — Teamsters think it's a terrific idea to levy a tiny tax on financial transactions to raise money for public needs and discourage reckless speculation.

Friends-of-labor Sen Tom Harkin (D-Iowa) and Rep. Peter DeFazio (D-Ore.) today filed a bill today that would impose a tax of 0.03 percent on trades of stocks, bonds, futures, options, swaps, credit default swaps and other complex financial instruments. It would raise $40 billion in public money.

Full story: Teamster Nation

Friday, March 01, 2013

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