"Robert Naiman" <[email protected]> wrote: > Nicole Woo wrote:
> Some experts think user fees are a promising potential area of agreement . > When drivers buy gas, they pay a highway user fee that's incorporated into > the > price per gallon. When airline passengers buy plane tickets, they pay > security > and airport user fees. Last year, Republicans approved a bill increasing some > FDA user fees, and President Obama's budget includes dozens of user fee > options . > An untapped source of user fees is financial trading. Currently, the > Securities and > Exchange Commission's annual budget of about $1.7 billion is funded by a fee > of > less than 2 cents per every $1000 of stock transactions . If that fee were > raised > to 30 cents per $1000, on a wider range of Wall Street trades, Congress' > Joint > Committee on Taxation estimates that it would raise about $39 billion per > year . Raising the fee would destroy its use as a user fee since those paying the fee would receive no benefit. There are plenty of ways to raise taxes, but transaction taxes will slow down the velocity of money making the stock market more unstable. -- Ron
_______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
