Rep. Huizenga introduces bill to halt potential stock-trading tax

WASHINGTON D.C. — When the New York Stock Exchange closed Monday, Gamestop stock was up more than 40% a share, as the retail investor versus hedge fund frenzy continues.

The saga got the attention of Congress who last month held hearings on the matter, and the wild swings and profits being made, brought forth, again, a push from progressive lawmakers for a financial transaction tax.

Proponents believe a 0.1 % tax on stock trades could end high-frequency trading, speculation and generate tens of billions of dollars in revenue per year for other federal programs.