Middle class tax creep coming …
AFL-CIO, Dems push new Wall Street tax
The nation’s largest labor union and some allied Democrats are pushing a new tax that would hit big investment firms such as Goldman Sachs reaping billions of dollars in profits while the rest of the economy sputters.
The AFL-CIO, one of the Democratic Party’s most powerful allies, would like to assess a small tax — about a tenth of a percent — on every stock transaction.
Boy, I sure hope no one making under $250K trades or owns stocks.
/wouldn’t want Obama to break one of his major campaign promises