- 08/30/09 11:17 AM ET
The nation’s largest labor union and some allied Democrats are pushing a new tax that would hit big investment firms such as Goldman Sachs reaping billions of dollars in profits while the rest of the economy sputters.
The AFL-CIO, one of the Democratic Party’s most powerful allies, would like to assess a small tax — about a tenth of a percent — on every stock transaction.
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Is this the function of the AFL-CIO?
ReplyDeleteFor them to suggest a tax is shameful. They need to worry about their membership productivity and forming an honest alliance with American enterprise. The American tax payers have helped their union brothers and sisters, the UAW, bailed them out, that's not enough, now you want to tax the investors. If you keep taking money from the people, where will you get more money when you need it?
I did not know they were a part of the IRS, maybe they are on the advisory board.