How to Save Main St. America with a Progressive ‘Robin Hood’ Tax
From the Massachusetts Nurse Newsletter
September/October 2012 Edition
The MNA/NNU’s “Main Street Contract for the American People” and associated “Robin Hood Tax” aim to restore the American dream and rebuild a society that offers opportunities and protections to all.
What is the Main Street Contract?
The Main Street Contract is a campaign dedicated to restoring the middle class by:
- Providing jobs at living wages
- Providing all retirees with a secure, dignified future
- Making quality, public education accessible to all
- Offering sustainable, quality housing and nutrition programs
- Guaranteeing healthcare via a single-payer system
- Protecting the environment and developing green jobs
What is the Robin Hood Tax?
The U.S. Robin Hood Tax (HR 6411; filed in Sept. 2012) is directly connected to the Main Street Campaign in that, if passed, it will produce the revenue needed to help reach the goals outlined above. It includes a 0.5% tax on the trading of stocks, and 50 cents on every $100 of trades (as well as lesser rates on trading in bonds, derivatives and currencies). It is estimated that the Robin Hood Tax will raise up to $350 billion in revenue annually.
That revenue has the power to breathe new life into Main Street communities across America.
Visit www.robinhoodtax.org to learn more and to get involved.
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