Many Representatives, Senators, and organizations have proposed a transaction tax on Stock and Bond Traders. I don’t make many trades each year, but it will have some effect on my finances. I favor a five cent per hundred dollar trade for two reasons.

            Reason one is the tax is a financial tax levied against those with money to invest. It is a tax solely on finances of those who have usually arrived at their level by benefiting from the activities of the federal government’s borrowing. The money gained from the tax should go to paying down the National Debt. It may allow for more borrowing but language could be added limiting it. The tax would be a start to going back to the Clinton-Gingrich income tax structure to make America Debt Free!

            Reason two is such a tax would go a long way to equalizing the stock and bond markets by decreasing high speed trading based on a few cents per stock. The tax would decrease the volatility and volume making the markets more stable and an even playing field for the average investor like me.

            All those against the tax don’t want to give up their advantages. Senators and Representatives — do something you are not accustomed to doing — ignore lobbyists and massive contributions and pass a tax good for all Americans.