Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008
Last action on Sep 26, 2008Referred to the House Committee on Ways and Means.
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Summary
Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008 - Amends the Internal Revenue Code to impose an excise tax on securities or commodity transactions equal to 0.25% of the value of the instruments involved in such transactions. Makes such tax payable by the trading facility on which such transactions occur.
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