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Schatz, Hoyle Reintroduce Legislation to Tax Wall Street, Reduce Economic Inequality
July 27, 2023
WASHINGTON, July 27 -- Rep. Val Hoyle, D-Oregon, 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 leave w . . .

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