Susan Bysiewicz on Budget & Economy

Tax securities transactions $150B to fund mortgage relief

Bysiewicz said the economy will not fully recover until the housing crisis is dealt with. She favors a plan to charge a small tax on every securities transaction. Such a charge would generate $150 billion annually; she said she'd use the bulk of the money to provide mortgage relief to middle class homeowners. The rest would be invested in renewable energy projects, she added. Murphy said he also supports a transaction tax.