{"id":9275,"date":"2011-12-20T15:12:02","date_gmt":"2011-12-20T20:12:02","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=9275"},"modified":"2011-12-20T15:12:02","modified_gmt":"2011-12-20T20:12:02","slug":"senator-harkin-and-representative-defazio-introduce-financial-transactions-tax-proposal","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2011\/12\/20\/senator-harkin-and-representative-defazio-introduce-financial-transactions-tax-proposal\/","title":{"rendered":"Senator Harkin and Representative DeFazio Introduce Financial Transactions Tax Proposal"},"content":{"rendered":"<p>Just to show that Oregon has some really good politicians such as Representative Peter DeFazio, I point you to the commentary, <a title=\"Dean Baker commentary\" href=\"http:\/\/www.cepr.net\/index.php\/press-releases\/press-releases\/senator-harkin-and-representative-defazio-introduce-financial-transactions-tax-proposal\" target=\"_blank\"><strong>Senator Harkin and Representative DeFazio Introduce Financial Transactions Tax Proposal<\/strong><\/a>.<\/p>\n<blockquote><p>The Harkin-DeFazio proposal calls for the implementation of a modest 0.03 percent financial transactions tax (FTT) on the trading of stocks, futures, bonds, and credit default swaps. This would have a minimal effect on individual 401(k) or mutual funds, however, it would impose substantial costs on those who are engaged in short-term trading strategies that can lead to disruptions in markets, such as last spring\u2019s flash crash. This tax would have no effect on ATM withdrawals, short term revolving loans, or other everyday financial transactions.<\/p><\/blockquote>\n<p>Of course, the fact that the FTT is a darn good idea, would be enough reason to mention it even if it had not been proposed by Harkin and DeFazio.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just to show that Oregon has some really good politicians such as Representative Peter DeFazio, I point you to the commentary, Senator Harkin and Representative DeFazio Introduce Financial Transactions Tax Proposal. The Harkin-DeFazio proposal calls for the implementation of a modest 0.03 percent financial transactions tax (FTT) on the trading of stocks, futures, bonds, and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-9275","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/9275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=9275"}],"version-history":[{"count":2,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/9275\/revisions"}],"predecessor-version":[{"id":9277,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/9275\/revisions\/9277"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=9275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=9275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=9275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}