Shortcut Navigation:

AFL-CIO Now

Showing blog posts tagged with financial speculation tax

Financial Experts Urge Global Leaders to Adopt Financial Transaction Tax

A group of 50 financial professionals—investors, traders, academics and banking executives—urged G-20 and European leaders to back small financial transaction taxes (FTTs) on financial industry speculation.    

In a letter to world leaders, the group notes that FTTs “have a proven track record” and would help rebalance financial markets away from “a short-term trading mentality that has contributed to instability in our financial markets.” It also says FTTs have the potential to raise significant revenue.

Read more and comment »

Harkin/DeFazio Robin Hood Tax Would Generate $350 Billion

If Congress passed the Robin Hood/financial speculation tax, it would raise more than $350 billion between January 2013 and 2021, according to an analysis released Monday by the congressional Joint Committee on Taxation.

Read more and comment »

Consumers Say Bye-Bye to Big Banks

When Big Banks nickel and dime you with fees on just about everything from checking accounts to ATMs to debit cards, they turn those nickels and dimes into billions of profits.

Read more and comment »

Contact Your Senator for the 99%

Working familes in Washington, D.C., and Cannes, France (where leaders of the G-20 are meeting), rallied yesterday for passage of a Robin Hood tax on Wall Street. You can join the action by telling Wall Street it’s time to pay its fair share.

Read more and comment »

Rallies Call for Robin Hood Tax on Wall Street

Taking the stage in Lafayette Park across from the White House in front of nearly 1,500 union members and Occupy D.C., supporters, a not-quite  Treasury Secretary Timothy Geithner look-alike vowed “Never, Never, Never” to impose a Robin Hood (or financial speculation) tax on Wall Street.

Read more and comment »

‘Robin Hood’ Tax Bill Introduced in Congress

The day before participants at demonstrations in Washington, D.C., Cannes, France, Los Angeles and San Francisco will call on Congress and global leaders to adopt a small “Robin Hood” tax (financial speculation tax) to create jobs, bills were introduced in the U.S. House and Senate to adopt such a tax.

Read more and comment »

At G-20 Summit, Union Leaders to Demand ‘Robin Hood’ Tax on Speculators

As world leaders head to France for the the G-20 economic summit in Cannes, labor leaders from around the globe will gather nearby to represent the needs of the world’s workers. Among their demands is a Robin Hood tax on banks and financial institutions that would exact a nano-percentage of each financial transaction to the tune of 0.5 percent. (See video.) That’s one half of 1 percent on every bond or derivative traded, stocks sold and a host of other “financial instruments” bought and sold by the very institutions bailed out by the world’s taxpayers.

Read more and comment »

Join and Follow Nov. 3 Rallies to Make Wall St. Pay Its Fair Share

From California to Capitol Hill to Cannes, France, on Nov. 3 nurses from National Nurses United (NNU) and other union members and community activists will call on the leaders of the world’s top economies—known as the G-20—to adopt a small Robin Hood tax (financial speculation tax) to create jobs.

Read more and comment »

Tell Wall St.: Time to Pay Back the 99 Percent

When reckless trading on Wall Street crashed the global economy, American taxpayers bailed out the Big Banks to the tune of $4.7 trillion. That is trillion with a “T”.

Read more and comment »

Shuler Talks with Students at Occupy Wall Street

Yesterday, I had the opportunity to head to New York where Occupy Wall Street is now entering its third week. I had just flown into New York City from Minneapolis and was coming off the enthusiasm and passion of 800 young workers at the AFL-CIO Next Up Summit.  Young workers at the Summit issued a statement of support for Occupy Wall Street, and I had to see and experience the movement first-hand.

Read more and comment »

Online Community

Take Action

Stop Fast Track

Sign the petition and tell Congress to stop the Fast Track bill, it's undemocratic and bad for working families.

Connect With Us

  • Facebook
  • Twitter
  • YouTube
  • Flickr

Get Email from AFL-CIO

Are you a union member?

GET TEXT FROM AFL-CIO

*Message and data rates may apply.

Facebook Favorites

Blogs

Join Us Online