Kamala wants a 0.2% transaction tax

[takeprofitsalways]

Well with Democrats winning in Georgia, an FTT definitely has higher odds of becoming reality unfortunately.

can they impose it retroactively? Or from the beginning of 2021?

 

[ajcrshr]

can they impose it retroactively? Or from the beginning of 2021?

No, but possibly for next year (2022)

 

[takeprofitsalways]

No, but possibly for next year (2022)

you dont think they will pass it this year? doesnt seem like much opposition as majority democrap

 

[Math_Wiz]

How many Republican Senators do you think would vote for the tax? How many Democrat Senators do you think would vote against the tax, if any?

 

[ajacobson]

It may not even need a vote - do it on the regulatory level.

 

[ajcrshr]

you dont think they will pass it this year? doesnt seem like much opposition as majority democrap

I just meant it couldn't be retroactive and would hopefully have some delay before being fully implemented.

 

[apdxyk]

Institutions generally support it as they see it to be the end of HFT and more liquidity returning to lit markets.

There is quantim logic and there is quantum sense of humour. My hat is off!

 

[Sig]

It may not even need a vote - do it on the regulatory level.

How, exactly, would that happen? There has to be an existing law that allows a regulator to adjust or set a tax, regulators can't unilaterally impose a tax. Which law would allow for which regulator to do this to which existing tax?

 

[Sig]

How many Republican Senators do you think would vote for the tax? How many Democrat Senators do you think would vote against the tax, if any?

As I've said over and over, the new Senate Majority Leader is Chuck Schumer, one of the senators from New York. He knows who butters his bread, no way in the world this even gets by him let alone several other democrats who represent large constituencies that would be impacted by this.

 

[ajacobson]

Adjust items like the SEC section 31 fees. In reality, the commission is very political and the new Administration will be packing the commission. I'd sweat Pocohantis's impact.