Dubai Job Offshore Vacancy
According to the Politico.com, the lawmaker has once again joined forces with old banking nemesis Tom Harkin (D-IA) on a bill that would impose a tax on certain institutional transactions. Mr. Defazio told the Politico that Wall Street is a “gambling casino” and that a tax would raise revenue for the Treasury while reining in speculators.
Creeping Government Debt
Of course, others may see this as a congressional power grab intended to pay for the administration’s quadrupling of the budget deficit and a populist play to penalize the investment banking industry. Whether this is a wise maneuver given that the economy continues to languish and financial firms remain battered is also a matter of speculation.
However, the business community is mounting a counteroffensive, says the Politico, even though the idea “has new found momentum because of the creeping government debt and support for a similar proposal in Europe.”

