But there is a deep divide over the wisdom of a financial transaction tax. Opponents, on the other hand, paint a financial transaction tax (FTT) as a nightmare. Last week, House Financial Services Chairwoman Maxine Waters said she's "very interested" and "certainly looking at" a financial transaction tax. A financial transaction tax would be an incredibly efficient and progressive way to raise revenue," Aaron Klein, a former Treasury Department official in the Obama administration, told CNN Business. "We firmly believe a financial transaction tax would injure Americans trying to save for retirement," Griffin said.

Source: The Nation February 22, 2021 20:48 UTC