Support the Tax on Wall Street Speculation Act of 2023

I am writing to express my strong support for the "Tax on Wall Street Speculation Act of 2023." This progressive legislation is a crucial step towards a more equitable economy and a brighter future for all Americans. The Act's proposition to levy a modest tax on trades of stocks, bonds, and derivatives is a practical solution to generate substantial revenue, estimated at $2.4 trillion over the next decade. Significantly, this tax primarily affects wealthy investors, ensuring that those at the top contribute their fair share to our nation's growth and stability. The generated revenue has a purposeful and impactful allocation: supporting public colleges and universities to become tuition and debt-free. This initiative is not just an investment in education; it is an investment in our youth and our nation's future. By relieving students of financial burdens, we are enabling a generation of Americans to pursue higher education without the crippling effects of debt. Moreover, the bill addresses the crucial issue of market volatility and excessive speculation, particularly in high-frequency trading. By curbing these practices, the Act promises a more stable and robust economy, benefiting the broader population, especially the middle class. In conclusion, the "Tax on Wall Street Speculation Act of 2023" presents a balanced approach to economic reform. It targets the excesses of Wall Street to fund crucial social investments, thereby promoting a fairer and more just society. As your constituent, I urge you to support this bill and advocate for its passage. Thank you for your time and consideration.