NY: Support the Stock Transfer Tax bill (A03353/S01406)
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Subject:
Support the Stock Transfer Tax bill (A03353/S01406)
New York State has rebated the Stock Transfer Tax, an average $15 billion per year, since 1981. That is enough to close New York's current budget deficit. I urge you to vote for and support A3353/S1406 now. An effective Stock Transfer Tax would discourage "flipping" stocks and other market manipulations by imposing a marginal cost on trading. Investors would profit by holding stock long term, and investing based on the actual success of the business. Meanwhile, we can use the money we collect to provide vital help to people who need it the most. The Green Party of New York has always supported a Stock Transfer Tax. Other political parties need to end the distractions and excuses. Now the subject is again being taken seriously, and proposals have been introduced in the legislature, we need you to support this moment with your vote and your voice.
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