A financial transaction tax would harm everyday savers
A financial transaction tax (FTT) would hinder millions of American investors who are striving to reach their long-term financial goals. Such taxes are borne by everyone who invests. That includes Main Street families saving for their retirement—not just Wall Street banks and high-frequency traders.
Quantifying the hardships imposed on American families
An FTT generates a substantial drag on investment returns as the tax cascades and compounds over time. The real- world implications for investors, including those investing in retirement accounts, are sobering.