Policy making Democrats that are drafting their party’s convention platform are proposing to tax stock trades on US exchanges as the party steps into the modern financial markets.
“We support a financial transactions tax on Wall Street to curb excessive speculation and high-frequency trading, which has threatened financial markets,” according to a draft released Friday of the proposed Democratic platform, a summary of goals the party wants to promote.
“We acknowledge that there is room within our party for a diversity of views on a broader financial transactions tax.”
The proposal is a nod to the agenda of Democratic Presidential candidate Bernie Sanders (D-VT), and an effort to appeal to his supporters. For the full article click here
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