Transaction Tax Is an Ugly Idea By Rev Shark About this article: The state of politics is in a bigger mess than usual, but one of the ugliest and most significant things for investors that keeps popping up is the idea of a transaction tax on "Wall Street." Over on Politico.com, there is a discussion of how Democrats are having difficulty funding a highway bill. House Majority Whip Jim Clyburn suggests that it may be a good idea to levy a securities transaction tax on the financial community. He is quoted as saying: There are some painless ways to fund the highway bill. Transaction taxes, that's a painless way; that's a painless way. ... Where are the shared contributions to all this? If you're sitting there on Wall Street, if you're Goldman Sachs, if you're making all this money, if you got all this federal money in a bailout, and you are paying all these big bonuses to your... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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