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financial transaction tax

Today's Teamster News 05.12.14

Teamster News
Like father like son: Jimmy Hoffa Jr's union takes on UK bus giant National Express  The Independent   ...The president of America's Teamsters union, Jimmy Hoffa junior, last night urged National Express to open talks over labour practices at its Durham School Services business that runs some of the yellow US-style school buses...

The Robin Hood tax is back, and the Koch brothers hate it

Teamsters think it's a terrific idea to levy a tiny tax on financial transactions to raise money for public needs and discourage reckless speculation.

Friends-of-labor Sen Tom Harkin (D-Iowa) and Rep. Peter DeFazio (D-Ore.) today filed a bill today that would impose a tax of 0.03 percent on trades of stocks, bonds, futures, options, swaps, credit default swaps and other complex financial instruments.

Here are eight reasons why this is a good idea:

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