The Wall Street Trading and Speculators Tax Act (H.R. 3313) was introduced in the 112th Congress, which has adjourned.

It has not yet been reintroduced.

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The Wall Street Trading and Speculators Tax Act

H.R. 3313: Wall Street Trading and Speculators Tax Act

Summary: To amend the Internal Revenue Code of 1986 to impose a tax on certain trading transactions. (More Info)

The Wall Street Trading and Speculators Tax Act (H.R. 3313) was introduced in the 112th Congress, which has adjourned. It has not yet been reintroduced.

What POPVOX Users Say

POPVOX Nation:
69% Support
31% Oppose
(137 users)

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5 individuals support the reintroduction of H.R. 3313 (112th). View report

95 users
42 users
order determined by social media popularity

Endorsing Organizations

National Education Association (NEA) 31,855 Facebook fans 69,804 Twitter followers

Dear Senator Harkin and Representative DeFazio:

On behalf of the 3.2 million members of the National Education Association (NEA), we would like to express our support for the Wall Street Trading and Speculators Tax Act. We thank you for your leadership on this legislation and your efforts to ensure that all pay their fair share toward economic recovery.

Three years after the financial meltdown and a taxpayer bailout, Wall Street is booming with record profits and bonuses. At the same time Main Street is still suffering as families continue to struggle to find work and feed their children. It ...

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International Brotherhood of Teamsters (IBT) 166,353 Facebook fans 61 Twitter followers

Supports.

Source: http://ourfinancial...HR-3313-11-2-11.pdf

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National Women's Law Center 73,221 Facebook fans 21,044 Twitter followers

Supports.

Source: http://ourfinancial...HR-3313-11-2-11.pdf

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American Federation of State, County and Municipal Employees (AFSCME) 85,480 Facebook fans 12,563 Twitter followers

Sen. Tom Harkin (D-IA) and Rep. Peter DeFazio (D-OR) recently introduced the Wall Street Trading and Speculators Tax Act (S. 1787/H.R. 3313), which would raise much needed federal revenues by imposing a tiny .03% tax on Wall Street speculation and financial transactions, including trading of stocks, bonds, futures, options and swaps. This progressive tax would generate additional federal revenues from the wealthiest Americans, large profitable corporations, and financial institutions, which would be used to create jobs, maintain vital public services, strengthen infrastructure, and reduce the federal deficit. The tax would also help to better match the interests and ...

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Public Citizen 30,321 Facebook fans 15,513 Twitter followers

Supports.

Source: http://ourfinancial...HR-3313-11-2-11.pdf

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Jobs with Justice 37,694 Facebook fans 9,330 Twitter followers

Supports.

Source: http://ourfinancial...HR-3313-11-2-11.pdf

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US Action 33,189 Facebook fans 4,895 Twitter followers

Supports.

Source: http://ourfinancial...HR-3313-11-2-11.pdf

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The Leadership Conference on Civil and Human Rights 10,426 Facebook fans 8,659 Twitter followers

Supports.

Source: http://ourfinancial...HR-3313-11-2-11.pdf

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US Public Interest Research Group (PIRG) 3,722 Facebook fans 3,409 Twitter followers

Supports.

Source: http://ourfinancial...HR-3313-11-2-11.pdf

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United for a Fair Economy 3,835 Facebook fans 2,526 Twitter followers

Supports.

Source: http://ourfinancial...HR-3313-11-2-11.pdf

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Americans for Financial Reform 4,396 Facebook fans 1,419 Twitter followers

This legislation would introduce a small fee of 3 basis points – just 3 cents per $100 -- on the trading of stocks, bonds, futures, options, swaps, and credit default swaps. The scale of speculative Wall Street trading means that this tiny fee would raise hundreds of billions of dollars over the next decade while simultaneously limiting the reckless short-term speculation which was responsible for the “flash crash” of 2010 and contributed to the 2008 financial crisis.

Many of the economic problems we face today, from deficits to unemployment, were in large part created by the world financial crisis. This crisis was ...

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Main Street Alliance 686 Facebook fans 1,129 Twitter followers

Supports.

Source: http://ourfinancial...HR-3313-11-2-11.pdf

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Consumer Action 1,261 Facebook fans 693 Twitter followers

Supports.

Source: http://ourfinancial...HR-3313-11-2-11.pdf

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International Federation of Professional & Technical Engineers (IFPTE) 1,292 Facebook fans 277 Twitter followers

Dear Senator Harkin and Congressman DeFazio,

As President of the International Federation of Professional and Technical Engineers (IFPTE), I am writing to endorse the Wall Street Trading and Speculators Tax Act. This legislation is a huge step in the right direction by providing a modest, but much needed, financial transactions tax (FTT) on Wall Street trading activity.

Consistent with the spirit of IFPTE’s revenue raising recommendations to the Joint Select Committee on Deficit Reduction (the Super Committee), your legislation calls for the implementation of a very small 0.03% FTT on, among other things, the risky practice of high-volume ...

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Wealth for the Common Good 502 Twitter followers

Supports.

Source: http://ourfinancial...HR-3313-11-2-11.pdf

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* This organization’s position on this bill was entered by POPVOX.