Nurses Call on Congress to Support Tax on Wall St. Financial Speculation

[amborin]

Nurses to Converge on 60 Congressional Offices in 21 States Sept. 1 – Call for Tax on Wall Street to Heal America


WASHINGTON - August 23 - From Maine to California, nurses, joined by others fed up with the ongoing economic crisis, will call on Congress members in their local district offices September 1 to support a tax on Wall Street financial speculation, a revenue source fast becoming an international norm, to pay for healing the nation.

Events, from soup kitchens to help feed the hungry and homeless, to community speak outs to street theater are planned from major urban centers like Boston, Chicago, San Francisco, and Orlando, to smaller cities and towns, such as Corpus Christi, TX., Marquette, MI., Bakersfield, CA., Dayton, OH., and Worcester, MA. National Nurses United is sponsoring the actions.

Nurses will visit the home offices of Republicans and Democrats alike, with a common message. Everyday Americans are hurting, and they need jobs, healthcare, housing, quality education, nutrition, and a secure retirement, not more cuts, as has been the obsession of Congress.

The RNs will be calling on Congress members to sign a pledge to “support a Wall Street transaction tax that will raise sufficient revenue to make Wall Street pay for the devastation it has caused on Main Street.” The visits follow a letter sent by certified mail to all 535 members of the House and Senate last week asking them to back the pledge and help “make the promise of the American dream… a reality."

snip

http://www.commondreams.org/newswire/2011/08/23-6

[hedgehog]

1. Come to think of it, does anyone know whether state sales tax is paid on

Wall Street transactions?

I know we pay sales tax when we buy a used car.

[amborin]

3. good question

[PoliticAverse]

6. No state sales tax. n/t

[BadgerKid]

7. New York State apparently charges a transfer tax (but then refunds it):

http://artvoice.com/issues/v10n10/letters/stock_transfer_tax

[PoliticAverse]

8. Yes it's for transfers within NY State, it's refundable...

Add it's from 1.5 to 5 cents per share depending on sale price.

See: http://www.tax.ny.gov/bus/stock/stktridx.htm

[Selatius]

2. Congress will listen when RNs make 20,000,000/yr like Wall Street execs or 200,000,000/yr like ...

some of the hedge fund managers there. That's the problem with a private election system; cash can win over people's interests.

[amborin]

4. yes

...otherwise, France and Germany recently proposed levying this Tobin tax, aka Robin Hood tax

[Jefferson23]

5. Good for them, and smart they seem to have decided to not waste their message on Obama.

I don't see any reference in the OP the White House is being asked to take the pledge.

K&R

[amborin]

9. kick