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Pelosi: Transaction Tax Has "Great Deal Of Merit"


Newsmax: A proposed tax on financial transactions "has a great deal of merit" and would help Congress raise needed revenue, U.S. House of Representatives Speaker Nancy Pelosi said on Thursday.

"I believe that the transaction tax still has a great deal of merit," Pelosi said at a news conference.

The tax would have a "really minimal impact on the transaction, but a tremendous impact on helping us meet our needs," Pelosi said.

Posted on December 3, 2009

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