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Keyword: hr4191

Pelosi Endorses ‘Global’ Tax on Stocks, Bonds, and other Financial Transactions

12/07/2009 9:47:12 AM PST · by BradtotheBone · 71 replies · 3,133+ views
CNSNews.Com ^ | December 07, 2009 | Matt Cover

(CNSNews.com) – House Speaker Nancy Pelosi (D-Calif.) endorsed the idea of a “global” tax on stock trades and other financial transactions, saying the estimated $150 billion in annual revenue from such a tax could be used to help fund more stimulus spending. At her weekly press briefing on Thursday, Pelosi said the financial transactions tax (HR4191) currently before Congress would have to be made “global” to keep U.S. investors from taking their business overseas and out of taxable reach. The House speaker said that a transaction tax could be imposed in conjunction with congressional efforts to divert funds from the...

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