H.R.4191 - Let Wall Street Pay for the Restoration of Main Street Act of 2009

To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to fund job creation and deficit reduction. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to fund job creation and deficit reduction. as introduced.
  • Short: Let Wall Street Pay for the Restoration of Main Street Act of 2009 as introduced.

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  • jeremiah77494 12/08/2009 4:22am

    Can they be more blatantly socialist than this? Vote these Orwellian lunatics out of office, and out of our pockets.

  • SquawkBox 12/12/2009 11:04pm

    With all due respect to those who might think this is a good idea, it only looks to me like yet another example of rudderless politicians responding to fickle, uninformed public opinion, attempting to fix something they do not understand, and which may not even be broken. The law of unintended consequences will apply.

  • SquawkBox 12/13/2009 7:01pm

    A more accurate title would seem to be “Let Main Street Pay for the Sins of Wall Street Act of 2009.” Wall Street will only pay this tax in DeFazio’s dreams. In reality, it will be paid by Main Street.

  • sonicbum 02/22/2010 3:51pm

    BOOO!
    I didn’t know that trading a stock in my non-retirement account made me a “Wall Street” man. Why does the entire United States (individuals, pension funds, muni gov’s) put all their money in the stock market, and then blame that same system for not always “going up”? It’s not supposed to! A solution would have been to have never bailed anyone out in the first place. I wonder what the sponsors voted on every single spending bill related to the recession that CAUSED the national debt they want us to pay back?

    If we really wanted to tax the “root cause” of the recession we would tax anyone who bought a house they couldn’t afford the payments on, and the SEC staff that allowed mortgage back security’s that were allowed to be so obscure to the buyer.


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