Bloomberg Proposes Financial Transactions Tax

Mike Bloomberg 2020

Democratic presidential candidate Michael Bloomberg’s financial reform plan includes a proposal to raise revenue and reduce inequality by imposing a financial transactions tax that would be phased in, starting at 0.02 percent and ending at 0.1 percent, according to a release from Bloomberg’s campaign.

<p>Democratic presidential candidate Michael Bloomberg’s financial reform plan includes a proposal to raise revenue and reduce inequality by imposing a financial transactions tax that would be phased in, starting at 0.02 percent and ending at 0.1 percent, according to a release from Bloomberg’s campaign.</p>