White House says stock-trading tax is worth studying after GameStop frenzy

The GameStop situation highlights the serious issues of investor protection and market integrity, a White House spokesperson told CNN Business on Sunday. The potential impact of a financial transaction tax on GameStop-like trading deserves additional study and can be part of a greater evaluation of such a tax for revenue and market stability, the spokesperson said.

Some Democrats have backed a tax on stock trading as a way to raise badly needed revenue and address concerns about the health of financial markets. On Thursday, House Financial Services Chairwoman Maxine Waters said she’s “very interested” and “certainly looking at” a financial

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

How to Recognize and Work With Narcissistic Leaders

February 17, 2021 7 min read Opinions expressed by Entrepreneur contributors are their own. Over the last 20 years, narcissistic traits have been increasingly...

Peloton is releasing a cheaper treadmill. It's still $2,495

The public company, which reported revenue of more than $1 billion for the quarter ending in December, already has one treadmill on the...

These 5 Affirmations Are Proven to Change Your Life

February 22, 2021 5 min read Opinions expressed by Entrepreneur contributors are their own. Creating an ideal life for ourselves takes time, effort,...