Tell Congress to Block the Trader Tax

38,802 People Have Sent 76,600 Letters and Emails

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Some recent comments: these messages are published with permission of the signer.

Total Signers: 38,802    View More: 389 388 387 386 385 384 383 382 381 380 379 378 377 376 375 374 373 372 371 370 369 368 367 366 365 364 363 362 361 360 359 358 357 356 355 354 353 352 351 350 349 348 347 346 345 344 343 342 341 340 339 338 337 336 335 334 333 332 331 330 329 328 327 326 325 324 323 322 321 320 319 318 317 316 315 314 313 312 311 310 309 308 307 306 305 304 303 302 301 300 299 298 297 296 295 294 293 292 291 290 289 288 287 286 285 284 283 282 281 280 279 278 277 276 275 274 273 272 271 270 269 268 267 266 265 264 263 262 261 260 259 258 257 256 255 254 253 252 251 250 249 248 247 246 245 244 243 242 241 240 239    238 237 236 235 234 233 232 231 230 229 228 227 226 225 224 223 222 221 220 219 218 217 216 215 214 213 212 211 210 209 208 207 206 205 204 203 202 201 200 199 198 197 196 195 194 193 192 191 190 189 188 187 186 185 184 183 182 181 180 179 178 177 176 175 174 173 172 171 170 169 168 167 166 165 164 163 162 161 160 159 158 157 156 155 154 153 152 151 150 149 148 147 146 145 144 143 142 141 140 139 138 137 136 135 134 133 132 131 130 129 128 127 126 125 124 123 122 121 120 119 118 117 116 115 114 113 112 111 110 109 108 107 106 105 104 103 102 101 100 99 98 97 96 95 94 93 92 91 90 89 88 87 86 85 84 83 82 81 80 79 78 77 76 75 74 73 72 71 70 69 68 67 66 65 64 63 62 61 60 59 58 57 56 55 54 53 52 51 50 49 48 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1

  1. This is one of the most stupid ideas of all time. Do not pass this bill. This is just like the income tax on the rich. We were suckered once, never again. We always opposed bailing Wall street, it was your insane idea, so you take a pay cut from your government salary to pay for your own stupid idea. Put your own money on the line.

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  3. BRING BACK OUR RON REAGAN AMERICA QUICK!!!!

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  5. If I'm not mistaken; Investors are already taxed on long-term gains, and short-term gains are taxed even higher. Where is the logic in this proposal?? I'm 22 years old and just beginning to invest instead of earning low returns on savings accounts, and I can already see how much this could affect me over time and numorous trades. I don't suppose this extra tax would ever be distributed back to me later like Congress tells me my OASDI payroll taxes will, haha. And as fate will have it, obviously this proposed bill won't be separately voted on; it will just be tacked into some completely irrelevant larger bill. Please vote no on this, I pay enough taxes already.

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  7. Hi Peter,
    This is crazy don't do it ! Why not pass a bill that allows people access to there IRA & 401K money tax free? The would put cash back into system, save houses etc.I think this would be a much better short term solution.
    Thanks,
    Mark Provost

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  9. Do NOT put this tax in effect! I feel it will punish anyone who wants to use the stock market to save /invest

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  11. Considering the nature of most portofolios adding even more pain to this experience by introducing this bill at this time is completely innapropriate.

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  13. this is rediculous. this is main street talking not wall street

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  15. Unbelievable!! How misguided!

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  17. NO, NO on H.R. 1068

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  19. I am opposed to this tax. This tax will hurt the small trader more than anyone else. It will also drain liquidity from the markets.

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  21. Have the politicians not figured out yet that killing Wall Street also kills Main Street.

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  23. BTW Mary Shapiro is a horrible choice for the SEC. She is a large part of why "FINRA" is so corrupt.

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  25. This proposed tax will hurt people like me who just want to save money for retirement. Don't tax traders like me, I have done nothing wrong! If this goes into effect I will stop trading stocks. This tax must not pass.

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  27. That is really double taxation. This is absurd, NO MORE TAXES!

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  29. Furthermore, this bill will drive foreign investors away from US capital markets, draining liquidity at a time we need it most.

    Instead, I urge you to enstate a one time wealth tax to pay for the financial crisis. as Rep. Sanders has proposed. it whould be a progressive tax starting at a small amount for wealth of one million, and increased to a maximum for those with over 200 million in assets. This would recoup some of the wrongful gains of those who peddled the poison derivatives and brokered the phony mortgages that got us in this mess - and punish the CEOs who have awarded themselves obscene benefits and dilutive stock options while shareholders were shortchanged.

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  31. This tax is wrong!

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  33. I am not a trader, and even quite shy about investing my small savings, but this bill is very wrong for America on so many levels! It was stupid, thoughtless legislation that forced mortgage lenders to give money to unqualified people that got us into this mess. A truly free market is what this country had been founded upon. This bill will be another nail in our Republic's coffin. Please stop it.

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  35. Hard to see how this would stimulate the economy.

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  37. PLEASE, PLEASE DO NOT SMASH THINGS EVEN MORE FOR ANYONE WITH MONEY LEFT IN MARKET..AND DO NOT ATTACH IT AS A LINE ITEM IN HEALTH BILL..SEE PAGE 19

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  39. Are you trying to kill the hole market? Please do Not Vote for this Bill

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  41. The government is systematiclly ruining our free market system and was the primary reason for the financial medtdown due to legislation that wanted to put everyone in a home. You would think they would have learned by now or maybe it is deliberate. Anyone with any kind of business savy could see GM failing and now they are asking for more money with very dubious predictions about their future. The government needs to get out of the free market and this tax would just finish killing an already damaged free market and stock market system.

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  43. This congressman wants to pass a bill to penalize "wall street". Maybe he should consider the mess our economy and financial markets are in is due in large part to our own government not enforcing their own rules. I understand banks played a role in this as well as credit rating agencies (that are paid by the very same people they are rating) real estate speculators etc. This list is long.

    How will a tax on traders, small businesses, investors, farmers and many others help pay back the looted trillions? It won't. Liquidity will dry up. Who is going to take the opposite side of trades when the sellers are hitting the bids? If anyone is concerned about "volatility" in the market right now, remove the liquidity and see what you get.

    If the bill is passed, what is next? I can tell you ... federal and state governments know their revenue is shrinking ... they are looking at anything that generates high transaction numbers. One is financial transactions. Another that comes to mind is gasoline. Yes, expect each of your gallons to be taxed. This is not rocket science what is starting to happen in this country.

    The passing of this bill might be the start of the end. It is time that congress starts hearings about their own looting. Where are the hearings for the bank executives that destroyed iconic institutions? How about all the people who bought naked CDS's...will they be required to give back their winnings?

    This congressman and anyone voting for the bill WILL be held responsible if the bill gets passed and our financial system is destroyed.

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Total Signers: 38,802    View More: 389 388 387 386 385 384 383 382 381 380 379 378 377 376 375 374 373 372 371 370 369 368 367 366 365 364 363 362 361 360 359 358 357 356 355 354 353 352 351 350 349 348 347 346 345 344 343 342 341 340 339 338 337 336 335 334 333 332 331 330 329 328 327 326 325 324 323 322 321 320 319 318 317 316 315 314 313 312 311 310 309 308 307 306 305 304 303 302 301 300 299 298 297 296 295 294 293 292 291 290 289 288 287 286 285 284 283 282 281 280 279 278 277 276 275 274 273 272 271 270 269 268 267 266 265 264 263 262 261 260 259 258 257 256 255 254 253 252 251 250 249 248 247 246 245 244 243 242 241 240 239    238 237 236 235 234 233 232 231 230 229 228 227 226 225 224 223 222 221 220 219 218 217 216 215 214 213 212 211 210 209 208 207 206 205 204 203 202 201 200 199 198 197 196 195 194 193 192 191 190 189 188 187 186 185 184 183 182 181 180 179 178 177 176 175 174 173 172 171 170 169 168 167 166 165 164 163 162 161 160 159 158 157 156 155 154 153 152 151 150 149 148 147 146 145 144 143 142 141 140 139 138 137 136 135 134 133 132 131 130 129 128 127 126 125 124 123 122 121 120 119 118 117 116 115 114 113 112 111 110 109 108 107 106 105 104 103 102 101 100 99 98 97 96 95 94 93 92 91 90 89 88 87 86 85 84 83 82 81 80 79 78 77 76 75 74 73 72 71 70 69 68 67 66 65 64 63 62 61 60 59 58 57 56 55 54 53 52 51 50 49 48 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1

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Petition created by James DePorre

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