Wednesday, November 2, 2011

Occupy Wall Street's Message Gains Momentum In Congress

Occupy Wall Street's Message Gains Momentum In Congress: "WASHINGTON -- Occupy Wall Street is finding a louder voice in Congress as lawmakers invoked its rhetoric repeatedly Wednesday in attempts to crack down on speculation, punish dangerous mine operators and pass a jobs bill.

Sen. Tom Harkin (D-Iowa) and Rep. Peter DeFazio (D-Ore.) acknowledged that the Occupy movement could help advance legislation they rolled out designed to "squeeze ... volatility out of the market."

Joined by Rep. Bruce Braley (D-Iowa), the chairman of the Populist Caucus, Harkin and DeFazio introduced the Targeted Wall Street Trading Tax bill. It would levy a tax equivalent to three cents for every $100 on transactions like stock trades, credit swaps and derivatives that were largely blamed for the mortgage market meltdown and financial crisis of 2008 that plunged the economy into recession."

'via Blog this'

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