[cdrw]

Something like 80% of the “transfers” that take place on “Wall Street” are very short term trades. These short term trades provide the liquidity necessary to keep markets from becoming wildly volatile (there is somebody there to buy when you want to sell even when the market is declining). A 1/4% tax would dramatically - prohibitively - increase these traders cost of doing business, would drive them out of the market, and would thus raise the cost of capital for every business in the United States. This is a very bad, very poorly thought out idea. They are simply searching for any means of raising taxes that can be attached to a fashionable boogey man so the sheeple will praise them as they tank our country.

[reaganaut1]

I used to work for a market-making firm and agree with you.
Obviously a market-maker is not going to make a market less than 0.50% wide if there is a 0.25% one-way transaction tax.

[Kozak]

This is a very bad, very poorly thought out idea.

Therefore will almost certainly pass and get signed by the Rat House....