The president of the New York Stock Exchange (NYSE) claims that she may be forced to move trading operations to a more tax-friendly locale if the state legislature imposes a stock transfer tax, according to an op-ed published yesterday in The Wall Street Journal. As many financial firms open new offices in states like Tennessee, Florida and Texas, NYSE President Stacey Cunningham argued that New York’s temple of commerce may follow suit if the stock transfer tax is passed. She pointed out that the securities industry generated 18 percent of state tax collections last year. However, that share could decline...