The Hill: Left-leaning Group: Taxes on Financial Trades Could Reduce Inequality

In its report, the Institute on Taxation and Economic Policy (ITEP) argued it’s possible that the higher costs of financial trades produced by an FTT would be fully borne by investors, and that a portion of the higher costs are borne by the owners and employees of financial institutions. Under either of those options, an FTT would be progressive and help reduce inequality, the group said.

Read more