Democratic Rep. DeFazio: Financial Transactions Tax ‘Would Be Beneficial’ For American Economy

Democratic Rep. DeFazio: Financial Transactions Tax ‘Would Be Beneficial’ For American Economy: WASHINGTON, D.C. — A tax on high-frequency financial transactions would be good for American markets and the economy despite what its naysayers claim, Rep. Peter DeFazio (D-OR) said yesterday at the Take Back The American Dream Conference. DeFazio, who along with Sen. Tom Harkin (D-IA) introduced legislation that would institute a financial transactions tax, told [...]/p