A New Tax Threat...
Eileen Goulding
Congress is considering reimposing the stock transaction tax. This new tax would impose a .25% tax on all stock trades in the (misguided) hope of raising $150 billion for another stimulus bill.
But raising taxes on business and investors will do the exact opposite of stimulating the economy. In fact, this was repealed in 1966 because of its devastating effects on the economy.
You can read more about this issue at Bloomberg.
What are your thoughts? Do you think Congress should reimpose the stock transaction tax? Take our quick poll (http://www.uschambersmallbusinessnation.com/email/single_column.php?ID=62) on the issue now.
Phillipa Zylanoff
It should surprise no one that the economy is in the dumps with the morons we have in Congress and the White House. They are not-so-closet socialists who want to take from those who produce and give it to those who don't. When government starts taking half--or more-- of one's income there is little incentive to produce. Why give more away than you get to keep?
June 25th at 1:20pm
DAN HALES
where will it end?Why don't we just send the goverment our money and they send back what they deem appropriate for us to live on. Bye,Bye liberty.
March 19th at 7:02am
David Martin
From the poll results it appears that 5% of respondents are really anti business big government trolls
March 9th at 10:46am
Susan Guldenstein
Taxing investment will slow down or stifle investment at a time when it is needed most. If the Obama administration had listened to those who know how to create incentives that stimuate the economy instead of listening to special interests we would not have lost so many jobs in 2009, and 2010 would be showing more job creation and economic recovery. Deliberate or not, this president is killing our economic system.
March 4th at 2:11pm
Ron Aho
NO NEW TAXES, NO NEW SPENDING , NO MORE BAIL OUTS, WE DONTNT HAVE THE MONEY SO WE CANT SPEND. HELL NO
I WILL KEEP MY MONEY,MY FREEDOM, MY GUNS, YOU CAN KEEP THE "CHANGE"
NO MORE OBAMA
March 4th at 12:32pm
BARBARA A. STEPENS
CONGRESS SHOULD NOT REIMPOSE THE STOCK TRANSACTION TAX!!!!!
March 3rd at 7:09pm
Linda Sherman
If Congress wants to improve the job market, it will not impose taxes of any sort that will impede the growth of business. It just doesn't make sense.
March 3rd at 3:15pm
Arlene A. DiRocco
I think the Congress should stay out of our underwear. This is getting to the point where people will unite against congress. How does the 1% contoll 99% . They are destroying this country.
March 3rd at 2:37pm
Raymond E Pinard
If you want to disincentivise activity, tax it. This tax is socialism/income redistribution.
March 3rd at 1:19pm
L. Robey Crowe
Wall Street is the only thing holding this economy together. Large banks are hurting, jobs are being eliminated, & dollar is shrinking and WH wants to tax the only thing making us money. WOW!!!
March 3rd at 12:10pm
James L Anderson
A month later and one month closer to a congressional change out in November..or a least gridlock. Let's say the Dems and Obama want to re distribute the wealth ...they are killing the system that brings forth the wealth that they want to redistribute...they will be left empty handed...good....but so will we ...bad...
March 3rd at 11:29am
Ron
Yes, there is no way this will stimulate the economy. Taxes only ever hurt businesses and reduce their ability to innovate and hiring more people. Raising taxes is not going to create jobs.
March 3rd at 9:58am
Douglas Abrams
This Administration is famous for having so few people who have any knowledge at all of how business works, and in fact have displayed an anti-business thrust.This would be disastrous legislation.We have a government which is spending at a rate never before even thought conceivable, and we must change this in November.
February 4th at 7:26am
Robert W. Hayman
This really hits the small investor ! More of their type of Stimulus is not the answer !
Robert W. Hayman
February 4th at 7:25am
Howard Beale
Sounds like a tax on retirement accounts. The turnover rate in some mutual funds is staggering. The more these funds turnover the higher tax burden retirees and retirement fund participants will absorb. Another unintended consequence courtesy of an obtuse Congress.
February 4th at 5:47am
J L Anderson
More of the current administration's effort to fund their large out of control , in cost and otherwise, proposed programs...the best we can do is continue our concern and intense interest through November 2010 and change as much of this governmment out as we can...at least to the point of gridlock
February 4th at 4:16am
Gretchen Deo
No, I think it'd be a big mistake.
February 3rd at 1:43pm
