While Americans are repeatedly being asked to take it on the chin by our government a bill like ”Make Wall Street Pay for the Restoration of Main Street Act” just make sense.  The American people bailed out Wall Street to the tune of $750 billion and Wall Street repays them by raising the insurance rates, imposing abusive and deceptive credit card fees, and continuing the same practice it engaged in to get us into this maelstrom of a crap storm.  The American people need fair treatment and reciprocity.  Wall Street has pretty much operated with impunity and without repercussions even though it took us into the greatest economic downturn since the Great Depression.  The bill currently being worked on by Democratic Reps. Peter DeFazio (Ore.) and Ed Perlmutter (Colo.), would impose a 0.25 percent tax on the sale and purchase of financial instruments such as stocks, options, derivatives and futures.  The bill would raise $150 billion in tax revenue per year half of which would go to paying down the deficit and the other half would go to creating JOBS, JOBS, JOBS.   See a description of the bill by The Hill below:

The bill, a copy of which was obtained by The Hill, is titled the “Let Wall Street Pay for the Restoration of Main Street Act of 2009.”……..

Half of the $150 billion in tax revenue would go toward reducing the deficit, while the other half would be deposited in a “Job Creation Reserve” to support new jobs.

The job fund would be available to offset the additional costs of the 2009 highway bill and other legislation that creates jobs.

This is a common sense solution that may make too much sense for Congress.