The fiscal debate has focused attention on the need for new revenue sources. The non-partisan Joint Committee on Taxation calculates that a Patriot Fee (very small tax) on Wall Street financial transactions would raise more than $350 billion over the next decade. Such a Patriot Fee (tax) can curb the growth of dangerous high-speed trading while imposing no more than a trivial cost on traditional investors. Support for the idea is growing.
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A Financial Transaction Patriot Fee: Raising Revenue and Restraining High-Speed Trading could raise $350 Billion over ten years
