Related Bills: S.2965
Latest Major Action: 2/23/2010 Referred to House committee. Status: Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, Rules, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Title: Commission for Fiscal Sustainability Act of 2010
Sponsor: Sen Ensign, John [NV] (introduced 1/28/2010) Cosponsors (None)
Related Bills: H.R.4646, S.10, S.2853
Latest Major Action: 1/28/2010 Referred to Senate committee. Status: Read twice and referred to the Committee on the Budget.
Newsmax: A proposed tax on financial transactions "has a great deal of merit" and would help Congress raise needed revenue, U.S. House of Representatives Speaker Nancy Pelosi said on Thursday.
"I believe that the transaction tax still has a great deal of merit," Pelosi said at a news conference.
The tax would have a "really minimal impact on the transaction, but a tremendous impact on helping us meet our needs," Pelosi said.
President Obama's finance team and Nancy Pelosi are recommending a 1% transaction tax on all financial transactions.
His plan is to sneak it in after the November election to keep it under the radar.
See what Nancy has to say about this wonderful idea!