Friday, March 6, 2009

Stop the idiot Peter DeFazio! (Congress to tax every stock market trade??)

Rep. Peter DeFazio (D-Ore.) has proposed H.R. 1068, a bill that would impose a 0.25 percent transaction tax on trading stocks, options and futures. The move would kill trading, folks.

If you want our markets to remain the most liquid on the planet, then you need to oppose this nutjob. If you want to turn our markets into the same illiquid CDOs and CMO markets that have crushed 99 percent of the banks and financial institutions in the United States, then by all means support this idiotic legislation.

To oppose it, follow this link: http://tinyurl.com/c9lawe

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