To: The United States House of Representatives
Tell Congress to support the Robin Hood tax!
I am writing to urge you to cosponsor the Inclusive Prosperity Act of 2013, HR 1579, introduced by Representative Keith Ellison.
This important legislation would put a tiny tax on financial transactions to generate hundreds of billions of dollars in revenue each year to support education, employment, health care, HIV/AIDS research and treatments, and the fight against climate change, here at home and around the world.
At no more than half a penny per transaction, the Inclusive Prosperity Act would establish a micro-tax on Wall Street trading that would apply to financial transactions such as the trading of stocks, bonds, derivatives, and other financial instruments—most of which are traded not by people but by computers in a matter of microseconds. It would curb harmful speculation and raise hundreds of billions of dollars of new revenue to pay for urgently needed public goods and services, like help for the poor to cope with public health threats and food shortages caused by our changing climate.
I'm calling on you to support HR 1579 and to be a part of this domestic and global rescue plan for people and the planet. The revenue from this tax is a critical start.
This important legislation would put a tiny tax on financial transactions to generate hundreds of billions of dollars in revenue each year to support education, employment, health care, HIV/AIDS research and treatments, and the fight against climate change, here at home and around the world.
At no more than half a penny per transaction, the Inclusive Prosperity Act would establish a micro-tax on Wall Street trading that would apply to financial transactions such as the trading of stocks, bonds, derivatives, and other financial instruments—most of which are traded not by people but by computers in a matter of microseconds. It would curb harmful speculation and raise hundreds of billions of dollars of new revenue to pay for urgently needed public goods and services, like help for the poor to cope with public health threats and food shortages caused by our changing climate.
I'm calling on you to support HR 1579 and to be a part of this domestic and global rescue plan for people and the planet. The revenue from this tax is a critical start.
Why is this important?
It’s time for Congress to enact a Robin Hood tax (also known as a financial transaction tax) to help ordinary people and the planet. The Inclusive Prosperity Act of 2013, H.R. 1579, introduced by Representative Keith Ellison (D-Minn.), would put a miniscule tax on Wall Street transactions to generate hundreds of billions of dollars in revenue each year to support education, employment, health care, HIV/AIDS research and treatment and the fight against climate change, here at home and around the world. Please contact your representative and ask her/him to cosponsor this important legislation to establish a financial transaction tax on Wall Street.