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News Link • TAXES: Federal

Democrats taxing businesses to create new jobs

• The Hill

A House bill still being drafted aims to raise $150 billion each year to pay for new jobs.

Under a bill being drafted by Democratic Reps. Peter DeFazio (Ore.) and Ed Perlmutter (Colo.), the sale and purchase of financial instruments such as stocks, options, derivatives and futures would face a 0.25 percent tax.

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The  idea is catching faster than swine flue

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