New From BI: A Financial Transaction Tax Can Happen Here
Andrew Silverman
Lead Transactional & Tax Policy Strategist at Bloomberg Intelligence
Enactment of a financial transaction tax may not be a possibility today, but after 2020, who knows? Look, there are three FTT bills currently pending in Congress. But let's be clear - this tax applies to everybody, not just Wall Street titans. Also, in Congress's own estimation this tax caps out at $110 billion per year and that's after ten years. It's never gonna raise $240 billion per year. The full note is available at: https://bloom.bg/2X4Lj06