Sen. Harkin and Rep. DeFazio to propose financial-transaction tax

11/1/2011 | Bloomberg ·

Sen. Tom Harkin, D-Iowa, and Rep. Peter DeFazio, D-Ore., plan to introduce legislation to impose a tax on financial transactions. The bill would put the U.S. in the middle of an international debate over financial-transaction taxes, which have also been proposed in Europe. "It's a significant way to raise some needed revenue," Harkin said. "Quite frankly, I bet nobody would even feel it."

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