5 Reasons Why the U.S. Needs a Financial Transactions Tax
A duo of Democratic lawmakers have spent the years since the financial crisis calling for a financial transactions tax, a small fee on individual trades that would slow down markets and make them safer for investors and the country as a whole. Sen. Tom Harkin (Iowa) and Rep. Peter DeFazio (Ore.) introduced legislation that would institute the financial transactions tax again this year, after 11 European countries announced they would adopt such a tax.
