Democratic platform draft includes financial transactions tax, defense of DOL fiduciary rule
The party is set to endorse a levy on securities sales when it meets at its national convention in Philadelphia later this month
Jul 6, 2016 @ 1:47 pm | By Mark Schoeff Jr. | Investment News
Democrats are set to endorse a levy on securities sales when they meet at their party convention later this month.
The draft party platform includes an endorsement of a financial transactions tax, a policy that it says will help establish a financial system that “works for all Americans, not just a handful of billionaires.”
“We support a financial transactions tax on Wall Street to curb excessive speculation and high-frequency trading, which has threatened financial markets,” the draft document states. “We acknowledge that there is room within our party for a diversity of views on a broader financial transactions tax.”
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