WOW! I hadn’t seen this because I spend all of my time of finance committee legislation, not ways and means.
Trying to get an answer on likelihood of passage. Will post when I get an answer.
Likely answer: in normal times, it wouldn’t pass. But the Democrats just hate us and will cram anything through that screws up everything so bad that government is NEEDED to survive.
Did you notice where the demo’s are going to claim that “only the rich” will get this tax? There’s an AGI limit and declining fee from individuals (somehow ?) put in there as well. But then the tax on ALL financial transactions is paid BY the banks and credit unions and ATM machine operators, not the individual. (Sole proprietors maybe ?)
This is another “write the bill”, “figure it out later” Pelosi dream/scam.