Bloomberg Nods to Progressives With Wall Street Transaction Tax
- Democratic presidential candidate Michael Bloomberg released a series of financial regulation proposals Tuesday that represent a sharp leftward tack for the Wall Street billionaire, more closely aligning himself with progressives like Bernie Sanders and Elizabeth Warren. The regulations include a 0.1% transactions tax, which is sure to elicit negative reactions from pro-business groups. Bloomberg, who has been criticized by progressives for his close ties to Wall Street, also proposed merging Fannie Mae and Freddie Mac and regulating Wall ...
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