Fear equates global transaction tax

05/1/2008 | Washington Post, The

The threat of terrorism has created fear that amounts to a large global tax, writes Josef Joffe, co-founder of the American Interest, in the Washington Post. "The new fear tax falls most heavily on the United States," Joffe writes. "Last November, the Commerce Department reported a 17 percent decline in overseas travel to the United States between 9/11 and 2006."

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