Working families pay taxes on most of the things they buy, from gas, to food, to clothes.

On Wall Street, things work differently. High-frequency traders can literally buy billions of shares a day without paying any direct taxes, until now.

U.S. Rep. Peter DeFazio’s (D-OR 4th District) bill, the “Putting Main Street FIRST” bill, just might help prevent the next Wall Street meltdown. He needs your help to get it passed.

Although much of the excessive risk on Wall Street is derived from high-volume, short-term speculative trading, which helped cause the 2008 Wall Street collapse and the trillion-dollar 2010 “flash crash,” these practices are still common on today’s trading floors. U.S. Rep. Peter DeFazio’s bill will levy a .03% tax on most financial trades.

This tax, which will cost 3 cents for every $100 spent, will discourage risky trading behaviors that put everyday Americans’ investments on the line. It also is expected to collect more than $417 billion in revenue in the next decade for our communities.

This revenue could help fix our nation’s schools, roads and more.

CLICK HERE to urge your member of Congress to support this bill.











NYC Wins When Everyone Can Vote! Michael H. Drucker