IL HR0101

Expresses support for re-introduction and passage of the federal Inclusive Prosperity Act (Robin Hood Tax), which would impose a financial transaction tax of 50 cents per $100 of trades on Wall Street banks, hedge funds, and financial institutions.

Revenue from the tax would fund education, job training, student debt relief, infrastructure rebuilding, public sector jobs and pensions, green jobs, Medicaid and Medicare expansion, and low-income housing assistance.

Tax would not apply to ordinary Americans' personal savings, ATM withdrawals, debit card purchases, or everyday business and consumer activity.

Notes the tax has historical precedent, existing in England since 1694, implemented in approximately 40 countries globally, used in the United States from 1914-1966, and currently in place in New York City; UK's 0.5% stock trade tax generates billions annually.

Directs that copies of the resolution be sent to the President of the United States and members of the Illinois congressional delegation.