Not surprisingly, Nancy Pelosi favors a tax on financial transactions

Surprisingly, House Speaker Nancy Pelosi opposes a “war tax,” which is supported by some House members. But of course, the good news stops there. Pelosi has shown support for a financial transactions tax, which would be applied to the sale of stocks, bonds, and other investments.

Nancy Pelosi believes the idea has “merit,” and would have a “really minimal impact on the transaction, but a tremendous impact on helping us meet our needs.” It appears that one of those “needs” is increased spending on construction projects they hope will increase the nation’s 10.2 percent unemployment rate.

Of course, it probably never occurred to Pelosi and company that they could free up some cash for important projects by cutting spending in other areas. Instead, they kick around the idea of a tax that will affect the wealthy…and every American who attempts to invest their savings and get ahead.