Home - ILGP Endorses Financial Transaction Tax Bill (SB1970)

ILGP Endorses Financial Transaction Tax Bill (SB1970)

2017-03-19: The Illinois Green Party Coordinating Committee has endorsed Illinois General Assembly Senate Bill SB1970, a new version of the proposed "LaSalle Street Tax." This would place a tax of $1 or $2 on trades of options, futures, and other derivatives (average contract value: aprox. $285,000 per trade) at the Chicago Mercantile Exchange, Board Options Exchange, and Board of Trade.

If enacted, the tax would raise an estimated $12 billion a year, which would eliminate Illinois' structural deficit and allow us to adequately fund our schools, higher education and vital services, while paying down the state's public pension debt.

Be the first to comment

Please check your e-mail for a link to activate your account.