Finance
Wall Street Transaction Tax Gets Fresh Look After GameStop Frenzy
- Industry groups moving against any financial transaction levy
- Maxine Waters said after hearing she is considering such a tax
Representative Maxine Waters said she is considering such a tax, which came up several times during testimony.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Some Democrats in Washington are seizing on the recent frenetic trading in GameStop Corp. to push the financial transaction tax long favored by progressives, setting up a battle with Wall Street firms that bitterly oppose the idea.
After a House hearing Thursday to examine the GameStop issue, Representative Maxine Waters, the California Democrat who chairs the committee, said she is considering such a tax, which came up several times during testimony.