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Policymakers consider taxing financial transactions

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.

Wall Street Journal, The | 10/10 Bookmark and Share

This story published in Financial Planning Digest on 10/20/2009





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Designed specifically for CPA personal financial planners and others interested in financial planning, Financial Planning Digest is a FREE monthly e-mail newsletter from the AICPA. It provides the most important and timely news stories to support personal financial planners. Learn more