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Let Wall Street Pay for the Restoration of Main Street Bill : ウィキペディア英語版 | Let Wall Street Pay for the Restoration of Main Street Bill
The proposed bill Let Wall Street Pay for the Restoration of Main Street Bill is officially contained in the United States House of Representatives bill entitled H.R. 4191: Let Wall Street Pay for the Restoration of Main Street Act of 2009.〔 〕 It is a proposed piece of legislation that was introduced into the United States House of Representatives on December 3, 2009 to assess a tax on US financial market securities transactions.〔Richard T. Page, ("Foolish Revenge or Shrewd Regulation? Financial-Industry Tax Law Reforms Proposed in the Wake of the Financial Crisis?" ) 85 Tul. L. Rev. 191, 193-94, 205-14 (2010).〕 Its official purpose is "to fund job creation and deficit reduction."〔 Projected annual revenue is $150 billion per year, half of which would go towards deficit reduction and half of which would go towards job promotion activities.〔 ==History== The US imposed a financial transaction tax from 1914 to 1966. The federal tax on stock sales of 0.1 per cent at issuance and 0.04 per cent on transfers. Currently, the US has a very minor 0.0034 per cent tax which is levied on stock transactions. The tax, known as Section 31 fee, is used to support the operation costs of the Securities and Exchange Commission (SEC). In 1998, the federal government collected $1.8 billion in revenue from these fees, almost five times the annual operating costs of the SEC.〔(【引用サイトリンク】title=Equitable Equity: India Introduces Securities Transaction Tax )〕 U.S. Representative Peter Anthony DeFazio proposed a new financial transaction tax for within the United States in 2009. He first raised the idea earlier in 2009, and then officially introduced it as a bill on December 3, 2009.〔 The day he introduced the bill, DeFazio said, "The American taxpayers bailed out Wall Street during a crisis brought on by reckless speculation in the financial markets. ....This legislation will force Wall Street to do their part and put people displaced by that crisis back to work."〔 The "bailout" he referred to was the US Emergency Economic Stabilization Act of 2008, and the "crisis" he referred to was the financial crisis of 2007–2010. The day the bill was introduced, it had the support of 25 of DeFazio's House colleagues.〔
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