Lot's of talk about a second stimulus and a 'job's bill.' This mentions Defazio's Transaction Tax to fund it
"But far bolder and perhaps more expensive plans could be in the offing. One idea that continues to get talked about is a $500 billion transportation reauthorization bill, which is up for renewal anyway and would produce tangible projects and jobs that are easy for voters to see and lawmakers to tout."
"The bill authored by House Transportation and Infrastructure Chairman James Oberstar (D-Minn.) has been pushed hard by Majority Whip James Clyburn (D-S.C.) and Democratic Caucus Chairman John Larson (Conn.), among others."
Its not like there arent good jobs bills available, a senior Democratic aide said.
"The question for Congressional leaders has been whether the spending in such a plan could enter the economy quickly enough and how to pay for it. Some Democrats, led by Rep. Peter DeFazio (Ore.), are pushing for a new transaction tax on Wall Street to help rebuild Main Street, believing it would put Republicans opposing any tax increases in the position of backing Wall Street traders over middle-class Americans."
That Defazio part was nothing new it was actually pulled from an article when they were talking about the transportation bill a few weeks ago. We shall see what Defaggio does this week tough. I am sure this will come up with the tranny bill but lets see if it gets the traction beyond the few it has. Plus , to get this tax put on record they still have to pass that part by the House ways and means, even though Defazio is on the Transportion committee the only one that can chage the tax code is the house ways and means, they havent moved on any other legislation yet. So far no mention of it to fund healthcare so thats good.
Lot's of talk about a second stimulus and a 'job's bill.' This mentions Defazio's Transaction Tax to fund it
"But far bolder and perhaps more expensive plans could be in the offing. One idea that continues to get talked about is a $500 billion transportation reauthorization bill, which is up for renewal anyway and would produce tangible projects and jobs that are easy for voters to see and lawmakers to tout."
"The bill authored by House Transportation and Infrastructure Chairman James Oberstar (D-Minn.) has been pushed hard by Majority Whip James Clyburn (D-S.C.) and Democratic Caucus Chairman John Larson (Conn.), among others."
Its not like there arent good jobs bills available, a senior Democratic aide said.
"The question for Congressional leaders has been whether the spending in such a plan could enter the economy quickly enough and how to pay for it. Some Democrats, led by Rep. Peter DeFazio (Ore.), are pushing for a new transaction tax on Wall Street to help rebuild Main Street, believing it would put Republicans opposing any tax increases in the position of backing Wall Street traders over middle-class Americans."
Here is an article from The Hill it talks about defiect and jobs much like your article above and ways people are looking to fund things but it doesnt mention the Tax atleast
Ok, so we're coming up against first legitimate test. According to this political insider interviewd by Erin Burnett just now, a huge jobs bill in addition to the transportation bill is coming and soon, possibly before year end. What guru noted above is in motion and moving fast. He says that wall st. needs to pay attention because transaction tax is specifically being discussed as a way to pay for the bills. The big money lobby better get their asses moving. I think we'll be hearing of the major players aligning themseves on this tax sooner than we thought.
