CEPR - Center for Economic and Policy Research


En Español

Em Português

Other Languages

Home Press Center Events Events Briefing On Financial Transaction Taxes

October 21, 2011

Briefing On Financial Transaction Taxes

10:30 a.m. - 12:00 p.m.
U.S. Capitol Building

East Capitol Street, NE
Washington, D.C. 20515

A small tax on financial transactions would raise tens of billions of dollars a year and curb dangerous high-speed trading. Support for a transaction tax is growing in the U.S. and around the world. The European Union recently proposed a tax of 10 cents per $100 of securities transactions, and 10 cents per $1,000 of derivatives transactions. France and Germany have already endorsed this proposal. The European Union forecasts that this tiny tax will raise some $70 billion annually.

Senator Tom Harkin, Representative Peter DeFazio and the Congressional Populist Caucus sponsored a briefing on financial speculation taxes and how they can raise revenues and stop destabilizing and unproductive financial speculation. The event — which was presented by Americans for Financial Reform, AFL-CIO, Institute for Policy Studies, The Center for Media and Democracy, and The Center for Economic and Policy Research — included comments from John Fullerton, former managing director at J.P. Morgan Co.; Frédéric Doré, minister counselor and deputy chief of mission at the French Embassy to the United States; Damon Silvers, director of policy and special counsel at AFL-CIO; and Dean Baker, co-director of the Center for Economic and Policy Research. A representative from the economics section of the German embassy was present to explain the details of the European Union proposal.


Combined Federal Campaign #79613

(March 28, 2015)

There are no events scheduled today.