'Main street will pay for the tax, not Wall Street,' wrote James Angle, the report's author and an associate professor of finance at Georgetown.
The US Chamber of Commerce's Center for Capital Markets Competitiveness released a new report detailing how financial transaction taxes would hurt US taxpayers, investors, and consumers. Democratic presidential candidates Bernie Sanders, Kamala Harris, and others have proposed taxing trades to raise revenue for various plans. But there's debate over how much the taxes would actually raise, and what costs investors would pay.
The US Chamber of Commerce's Center for Capital Markets Competitiveness released a new report detailing how financial transaction taxes would hurt US taxpayers, investors, and consumers. Democratic presidential candidates Bernie Sanders, Kamala Harris, and others have proposed taxing trades to raise revenue for various plans. But there's debate over how much the taxes would actually raise, and what costs investors would pay.
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