How a Proposed Tax Could Hurt All Investors

Kiplinger reports:

President Obama has proposed levying a tax on big banks to help pay for their bailout and rein in deficits. But another measure before Congress, a bill to create a financial-transaction tax on stock and derivatives trading, is likely to be far more consequential. Supporters say the measure would raise $150 billion a year and curb the kind of speculative trading that got us into trouble in the first place.

We can pretty much guarantee lower stock prices within 18 months of passage of this possible new tax.