The United States Robin Hood Tax campaign officially launched on the 19th June 1012. It is made up of unions, think tanks and groups that focus on the environment, international health, consumer protection and financial reform.
The message is simple – it’s time for Wall Street to give back to Main Street. Following the bank bailout, the government needs a lot of money to deal with a huge budget deficit and to help meet the USA’s commitments on aid and climate finance. And the banks can afford to help out.
Senior Democrat members of both the Senate and House of Representatives have backed bills calling for a US Robin Hood Tax. In the run-up to last year's presidential election, Democrat candidates (including Bernie Sanders) called for ambitious FTTs. A financial transactions tax was included in the Democrat Party's political platform the same year: the first time it's appeared in a major party's manifesto in the USA.