Policymakers consider taxing financial transactions

10/12/2009 | Wall Street Journal, The

The Economic Policy Institute suggested taxing financial transactions, such as stock trades but not consumer transactions, to raise as much as $150 billion annually. Lawmakers, labor unions, the International Monetary Fund and others support taxing financial transactions as a way to reduce budget deficits or fund initiatives, such as health care reform. Many economists warned that such a tax might have unintended consequences for markets.

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