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November 23, 2014

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Letter to the editor:

Tax Wall Street to raise revenue

Republicans in the House say revenue is the problem. One way to raise more revenue is to enact a tenth of a percent tax on Wall Street financial transactions. Some economists claim this would raise billions of dollars.

This tax would be insignificant to the small investor. But huge hedge funds would pay a little more. Of course, the lobbyists for the big banks will fight it, as will the congressmen getting campaign funds from these people.

Contact your legislators.

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