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Drugmakers' support for health overhaul tested & New Tax

 
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PostPosted: Mon Dec 07, 2009 12:33 am    Post subject: Drugmakers' support for health overhaul tested & New Tax Reply with quote

http://finance.yahoo.com/news/Drugmakers-support-for-health-apf-2762169731.html?x=0&sec=topStories&pos=main&asset=&ccode=

Congress wants to create more jobs (adding to the government jobs it already created):

Small Traders Fear a Transaction Tax Would Wipe Them Out
By Alain Sherter | Dec 4, 2009

Rep. Peter DeFazio, D-Ore., on Thursday introduced legislation that would apply a “small” tax on trading in stocks, bonds and other securities. Iowa Democrat Tom Harkin plans to introduce a similar measure in the Senate next week.

DeFazio claims the transaction tax would raise roughly $150 billion in federal revenues. He would put half that money in a fund aimed at creating good-paying jobs.

Government has spent the future. All that's left is to collect the bill.
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