This bill would tax Wall Street speculation

This bill would tax stocks and other speculative investments. Each stock transaction would have a half-percent tax - meaning a $1,000 transaction would be taxed $5. Other types of speculative transactions would taxed at lower rates.

Individuals with incomes less than $50,000 (and married couples with incomes less than $75,000) would receive a tax credit for any tax they were charged.

It would pay for providing free college

Proceeds from this tax would be used to finance the proposed College for All Act.

For more information...

For more information, read this fact sheet.

Disposition

This bill expired when the 115th Congress ended in Jan. 2019.