Democrats Target Wall Street With Financial Trade Tax Proposal
- Senator Schatz is pushing his colleagues to the left on policy
- Transaction tax adds to Democrats’ progressive agenda for 2020
Senator Brian Schatz
Photographer: Zach Gibson/BloombergThis article is for subscribers only.
Wall Street would bear the brunt of the latest tax proposal as Democrats jockey for the most progressive tax ideas with the approach of the 2020 elections.
Senator Brian Schatz, a Hawaii Democrat, is working on a plan that would tax financial trades, according to his spokesman, Michael Inacay, who declined to provide details on how, exactly, it would be structured.