Democrats now officially pushing transaction tax according to Erin Burnet

Quote from fullblotter:

hmm..if trades less than 100k are exempt then all you have to do is put out multiple 100 share orders to avoid the tax.
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shows how brilliant DeFazio is....

DeFazio is from Oregon... Oregon folks... like they are a financial center.. Los Angeles, San Francisco, New York, Chicago... no politician from any of those areas is going to sign on to this moron's attack on their tax base...

I sent the emails anyhow, the politicians have to have some proof that people don't want this shit... and the White House cabinet is nearly all Goldman Alumni.... I'd be floored if this thing got anywhere but you never know...
 
could someone please post the relevant info for getting onto welfare and/or disability... this seems like the only programs that govt bureaCRATS are completely supportive of and determined to expand with total disregard for anything else....
 
London has a stamp duty, why aren't companies migrating to a foreign exchange?

Big players will be exempt, small fish will get fried.
 
Quote from traderbigt:

"Democrats are also considering a transaction tax on short-term trades on Wall Street, a measure being pushed by House Majority Whip James Clyburn."
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FYI: Clyburn was just appointed to the November debt panel.
 
Will this tax apply to option market makers who must buy and sell huge blocks of shares every day to hedge their option book?

If, so, watch those bid/ask prices on options widen to breath taking levels.

If not, then we have a tax that only affects the little guys, not the big players.

So, which is it?
 
Quote from rbartell:

Eventually every tax that you can imagine will become reality and some that you can't imagine yet. This tax will for sure happen with time. Any tax that has been brought up so far will happen. After that, we will move on to tax ideas that haven't been brought up.

The U.S. is simply out of money and has no choice but to go down the list of potential revenue sources from most palatable to least palatable. I would guess that this tax lies somewhere towards the side of most palatable.
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Too true. Folks, if it's not nailed down or possible to nail down it's going to be taxed.

Government are DESPERATE for cash and towards the end of this present game they'll turn on their citizens wanting EVERY penny they can get. Then of course they'll do their best to waste the vast majority of what they collect............
 
U.S. Republicans name anti-taxers to debt panel

http://www.rawstory.com/rs/2011/08/10/u-s-republicans-name-anti-taxers-to-debt-panel/

Republican House Speaker John Boehner and Republican Senate Minority Leader Mitch McConnell's choices -- like those of Democratic Senate Majority Leader Harry Reid, announced a day earlier -- blended expertise with a partisan edge.

McConnell appointed Republican Senators Jon Kyl, Pat Toomey, and Rob Portman to the panel, while Boehner named Republican Representatives Dave Camp and Fred Upton to the panel, with Jeb Hensarling as a co-chairman.

The committee, created by the debt-limit bill Obama recently signed after a bitter political battle in polarized Washington, faces the daunting task of finding at least $1.2 trillion in deficit cuts over ten years.

Kyl, who is not seeking reelection in November 2012, is the number-two Senate Republican and represented McConnell at failed debt-reduction talks with Vice President Joe Biden earlier this year.

Portman is in his first term as senator but has decades of experience in public service, including stints as then-president George W. Bush's US Trade Representative and White House budget chief.

Toomey, a former Wall Street executive close to the archconservative "Tea Party" movement, serves on the Senate Budget, Banking, and Commerce Committees and argued during the just-finished battle over the US debt-limit that failure to approve an increase would not lead to a default.

Contact your representatives in Congress and these individuals.

DO NOT LET YOUR BUSINESS BE HARMED BY LEFT WING POLITICIANS.
 
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