The state lawmakers also expressed interest in a plan to create a $1 financial transactions tax. This would, for example, charge $1 for every futures contract purchase and $1 for every sale. Such transactions typically involve thousands of dollars of value being exchanged.Attention public pension millionaires and state legislators: what makes you think the Chicago Mercantile Exchange has to conduct business in Illinois??
Thursday, January 03, 2013
Greedy Retired Illinois Teachers Look to Tax Futures Transactions
The Daily Herald reports on how retired teachers in Illinois want a new tax :