A new working paper from CEPR and the Political Economy Research Institute analyzes the potential revenue from a financial transactions tax across a range of financial assets. The authors find that such a tax could generate $177 to $354 billion for the U.S. government. In addition to using this revenue to fund a jobs program and/or as a route to long-term deficit reduction, a financial transactions tax could also curb speculation in our bloated financial system.
Click here to access CEPR's press release.
The three page report can be accessed here.
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