THE TOBIN TAX: SHIFTING THE TAX BURDEN FROM WAGES TO WAGERS The Center for Economic and Policy Research, a not-for-profit research and educational institution in Washington, DC, together with the Halifax Initiative in Vancouver, Canada, is conducting a program of research and education on the benefits of a small tax on financial transactions -- often called a "Tobin Tax" after one of its earliest advocates, Nobel Laureate economist James Tobin. Such a tax would discourage speculation, increase the efficiency of financial markets and the tax system, raise revenues, and shift the burden of taxation away from the bottom of the income distribution. As part of this program, we are circulating the following:
Read Dean Baker's February 26, 2002 letter to the Congressional Budget Office disputing their projections on capital gains tax revenue.
Read "Securities Transaction Taxes for US Financial Markets" a paper co-authored by Robert Pollin of the Political Economy Research Institute, Dean Baker, the co-director of CEPR, and Marc Schaburg.
Liberals Step to Bush's Barren Beat - a Column by Dean Baker publsihed in the Los Angeles Times, March 1, 2001, and the Capital Times (Madison, WI) March 5, 2001
Here's One Way to Real Tax Freedom for Most - a column by Dean Baker, published in the Huston Chronicle, May 3, 2000.
Please send comments and queries to:
Robert Naiman, Senior Policy Analyst
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