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This Just In ...

Kevin Fischer is a veteran broadcaster, the recipient of over 150 major journalism awards from the Milwaukee Press Club, the Wisconsin Associated Press, the Northwest Broadcast News Association, the Wisconsin Bar Association, and others. He has been seen and heard on Milwaukee TV and radio stations for over three decades. A longtime aide to state Senate Republicans in the Wisconsin Legislature, Kevin can be seen offering his views on the news on the public affairs program, "InterCHANGE," on Milwaukee Public Television Channel 10, and heard filling in on Newstalk 1130 WISN. He lives with his wife, Jennifer, and their lovely young daughter, Kyla Audrey, in Franklin.

Another tax threat

             

Stimulate the Economy by Taxing Businesses

and Investors?


Latest Tax Hike is a Bad Idea for American Jobs




Some politicians in Congress are proposing a new "tax on financial transactions" ... the last thing our recovering economy needs and another obstacle for America's job creators.

The stock transaction tax would assess a fee on the sale or purchase of any stock, raising transactions costs, forcing businesses overseas, and creating a loophole that only lawyers and lobbyists would benefit from.

Bottom line: this tax would increase the cost of doing business in America, limit opportunities for investors and sacrifice more American jobs.

Not surprisingly, this new tax is backed by Big Labor, and would impose a .25% tax on all stock trades in the misguided hope of raising $150 billion for another stimulus bill.

But this bill won't stimulate the economy -- it will do the exact opposite.

In fact, a similar transaction tax was repealed by Congress in 1966 for the depressing effect it had on the American economy.

Once repealed, costs fell and the number of Americans investing in the stock market dramatically increased -- helping markets grow and prosper.

 

We'll continue to keep interested parties updated on this new threat to business.

Sincerely,


Bill Miller
Senior Vice President and National Political Director
U.S. Chamber of Commerce

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