Schatz, Hoyle Reintroduce Legislation To Tax Wall Street, Reduce Economic Inequality
July 27, 2023
July 27, 2023
WASHINGTON, July 27 -- Sen. Brian Schatz, D-Hawaii, issued the following news release on July 26, 2023:
Today, U.S. Senator Brian Schatz (D-Hawai'i) reintroduced legislation to create a new progressive tax on financial transactions that would curb high-risk trading practices, reduce economic inequality, and generate $752 billion in new federal revenue over the next decade.
"Wall Street has cashed in on high-risk trades that add no real value to our economy and . . .
Today, U.S. Senator Brian Schatz (D-Hawai'i) reintroduced legislation to create a new progressive tax on financial transactions that would curb high-risk trading practices, reduce economic inequality, and generate $752 billion in new federal revenue over the next decade.
"Wall Street has cashed in on high-risk trades that add no real value to our economy and . . .