Financial Transaction Tax

Also known as a Wall Street Tax or Robin Hood Tax, the financial transaction tax is a tiny fee on the trades of stocks, bonds, and other financial instruments that would generate hundreds of billions of dollars of new revenue.

Friends of the Earth U.S. supports establishing a financial transaction tax in the United States, with a portion of the proceeds allocated to climate finance.

Media

News Releases

Sanders and Lee introduce tax on Wall Street greed

Senator Bernie Sanders (I-Vt.) and Rep. Barbara Lee (D-Calif.) today introduced the Inclusive Prosperity Act, which is designed to tax a fraction of a percentage on the trades of stocks, bonds and der…

News Releases

FTT advances could lead to down payment on climate finance gap

WASHINGTON, D.C. – In response to today’s announcement by European Finance Ministers that advances the proposed European regional Financial Transaction Tax, Friends of the Earth’s Senior I…

News Releases

Robin Hood Tax legislation re-introduced, could fund the for fight climate change

WASHINGTON, D.C. – Today Congressman Keith Ellison (D-Minn.) re-introduced the Inclusive Prosperity Act, legislation that would establish a Robin Hood Tax — also known as a Wall Street Tax &#…

Blog

A better way: What we would’ve liked to hear in the State of the Union

In Tuesday night’s State of the Union address, President Obama set an aggressive tone on a number of key progressive issues, from education to equal pay. And while his speech featured strong points…

News Releases

Robin Hood Tax rally to kick off Peoples Climate March

Tax on Wall Street key to funding climate solutions WASHINGTON, D.C. – Congressman Keith Ellison (D-Minn.) will join community, health, labor, student and environmental groups to kick start the Peop…

Blog

Robin Hood to Ban Ki-moon: I can show you the money!

Among the surging crowds of hundreds of thousands of folks at the People’s Climate March on September 21 in New York, you will see marchers in pointy green felt hats, and if you are lucky, a fully g…

Media Archive

Resources

Big Oil Tax Giveaway Fact Sheet

In December 2017, Trump signed into law one of the biggest giveaways to corporations and billionaires in U.S. history: the so-called Tax Cuts and Jobs Act.

Letter to President Obama RE: Treasury Secretary

Letter to President Obama urging him to nominate a Treasury Secretary who will (1) champion a financial transaction tax and (2) dedicate the revenue raised to fund public services that keep people and…

Letter to Secretary of State Hillary Clinton RE: Robin Hood Tax

Letter to Secretary of State Hillary Clinton regarding misinformation spread internationally by State Department representatives about the Robin Hood Tax.

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Financial Transaction Tax