Kamala wants a 0.2% transaction tax

I wasn't responding to the thread title. I was responding to...



.002% of 400,000 is 8.

 

Is she still after that policy? She purposed it during her campaign. Now that she's dropped out and is a VP pick instead maybe her Medicare for all would be rolled back? Remember Trump talked a big game when he was campaigning too so he can standout. Joe Biden seems ambivalent.

 

You're right, Kamala's FTT seems to come from July 2019. Perhaps things have changed.

 

As a VP, I doubt she can get that through without Biden's approval. Assuming the guy can still put 2 sentences together after November.

 

https://www.wsj.com/articles/biden-tax-agenda-hinges-on-democratic-control-of-senate-11597586400

I don't have a subscription to WSJ. Can anybody tell me the gist of what it says?

 

https://www.nbcnews.com/business/ec...icy-roll-back-tax-cuts-expand-health-n1236584

 

Doesn't look like it would be too hard to get Biden's approval if the Dems hold the Senate.

 

It looks Biden already approves of the idea of having a financial transaction tax.

End of 2019 in a CNBC interview he said we "should have a financial transaction tax".

 

It sounds like the tax would be on the trade value.
https://www.kiplinger.com/taxes/601220/kamala-harris-tax-policy-proposals

This could explain why derivatives with their high notional values would have a lower rate than stocks.