A coalition against economic inequality called Stand Up Chicago is planning a protest on Monday. They want to levy a $1.4 billion tax on trading at Chicago’s biggest financial exchanges to fund a jobs program. The tax will be a 25-cent-per-contract tax on the CME Group and CBOE Holdings. Stand Up Chicago calls these two institutions “giant casinos” that fuel the kind of “excessive risk-taking” that brought on the financial crisis.
SOURCE: REUTERS
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