ProPublica writes about "The .03% Solution," otherwise known as the financial speculation tax as proposed by H.R. 880, the Wall Street Trading and Speculators Tax Act. H.R. 880 would assess a 0.03% tax on most Wall Street trades -- that's three cents on every $100. It doesn't sound like much (though at least when the "liberal" media calls it a "3 percent tax," people won't go that insane), and I'd prefer a one percent tax myself (which the "liberal" media will have to report as a "one percent tax"). But thanks to all the high-volume trading on the internet nowadays, H.R. 880 would still raise over $35 billion a year, and H.R. 880 exempts initial public offerings (or IPOs) from taxation. I still think .03 percent is what I'd settle for, rather than what I'd start with; your mileage may vary. You can use the tools in the upper left-hand corner to discuss the matter with your Reps and Senators. Word is they have a lot of time on their hands.
Speaking of time on their hands, Congress still hasn't done anything about the U.S. Postal Service's troubles, which will lead to the end of Saturday delivery (except for some packages) in a few months' time. And, like so many other things Congress just can't seem to do anything about, the solution here is fairly simple: repeal the part of the 2006 postal overhaul that requires the USPS to pre-pay 75 years' worth of pension funding every year. Going that far to keep your pension solvent is like trying to kill an ant with a sledgehammer, and smashing your own foot in the process. I don't have to mention that this is yet another Republican effort to destroy a good government program, do I? And I don't have to mention that email is not "killing the Post Office" for folks in inner cities and folks in rural areas who don't have access to gazillionbit broadband, do I? Maybe I do. Maybe we take the stuff we have for granted sometimes. Let's not do that. CREDO helps you tell Congress to fix the mess they caused with the USPS.