Last month, I introduced my Wall Street Tax Act, which has the potential to generate $777 billion in revenue over 10 years and rein in high-frequency trading by implementing a small tax of 0.1 percent, or $1 for every $1,000.

While most of America has been suffering through the worst economic crash since the Great Depression, the stock market has soared and the wealthy elite are doing better than ever. I've been saying it for years: it's time for the wealthiest to pay their fair share!

This bill would help pay for our shared national priorities such as investing in education, and rebuilding our crumbling infrastructure.

It would also stabilize the market for most investors by curbing high-frequency trading (HFT), that make wealthy investors millions of dollars richer in the time it takes most of us to brush our teeth. Some days, these traders trade billions of shares, reaping enormous financial benefits for themselves, their privileged elite investors, and adding no real value to our economy or to working families. This renders the market incredibly unstable!

I've been fighting against Wall Street for a long time, and this is the best shot that we have to end reckless trading that threatens our economy and help working families I'm going to keep up the fight in Congress -- and I know you're with me.


Peter

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