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One positive I'm seeing is that in the most recent reports the transaction tax hasn't been directly stated

Black Boxes would be murdered with just a .025% tax...

That's a terrific find, this is something that should be sent to DeFazio and other supporters of this

The difference between 0.025% and .25% is huge.. it would still suck but at least somewhat manageable at .025%

.025% or .25%??

Absolutely... hopefully this means the transaction tax was just a non-starter and this is the best he could come up with

I'm thinking the article misunderstood it.. to just tax on the profits would be just a simple addition to the cap gains tax or income tax for short term traders

If the proposal is just for a tax on profits then that's manageable obviously.

I never said people weren't acting, although I'm sure many that are writing in this thread are not. All I'm saying is we have to make our voices heard to the people that are in power and don't have a clue what they are talking about. Discussing how incredibly stupid this idea would be amongst a...

No, how about you go fuck yourself and grow up. All successful traders need this to NOT BE A PART OF THE PLAN so do your fucking part and call in and write in and grow up, kid.

.. we can all discuss our fears with our mommy's and daddy's... if people are just going to whine and complain in this thread, then what do you think you're accomplishing? Call your congressmen... take action.. don't just sit ideally by and complain

Just come back with the same fukin bill... it'll pass

... vote mccain

You have got to be kidding if you think the reason this didn't pass was because of the lack of the transaction tax.... seriously........... think about it. Having said that, Obama did just blame speculators again which is absolutely ridiculous. VOTE MCCAIN!!!

"I think we selloff, hard, on Monday.<------ YOU DEFINITELY CHANGE YOUR TUNE QUICKLY.. LOL.. RIDICULOUS... A classic case of buy the rumour (proposed bailout to save Wall Street and prevent a collapse of worldwide financial markets) and the news (bailout passes the house ans is signed into law)...

Absolutely, tax the people that got us into this mess. Take 50% of the severance packages to those in FNM, FRE, LEH etc etc and you'll be looking at a nice chunk of change to pay for some of this! The problem here is the democrats want to end speculation in the marketplace, and they have to...

I would be one of those who were scared out of their wits. The fact that it was ever brought up means the idea is still floating out there and we still have to fight this by writing congress, writing to retail firms, continue to look for possible alternatives if this every passes. It's not time...

Yes, I'm aware we're in the clear FOR NOW on the ridiculous transation tax idea, but we're by no means out of the woods. We still all need to contact retail trading firms, because they will all go out of business if this goes through, and unlike us, they may actually have some pull. Make them...

No.... fuck you, read through the thread, there are almost 70 pages on this and every detail you could possibly want is within this thread. You're just too lazy to read it or too stupid to understand it.

Seriously, read through the thread