Tell Congress to Block the Trader Tax
38,802 People Have Sent 76,600 Letters and Emails
Sign the Petition
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
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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Mon., Mar. 30, 2009 9:11 AM link Brian G. | Naples, FL
Mon., Mar. 30, 2009 8:43 AM link Todd D. | Lafayette, LA
Mon., Mar. 30, 2009 7:59 AM link Adrian S. | Ocoee, FL
Mon., Mar. 30, 2009 6:34 AM link Name not displayed | Hastings, OK
Mon., Mar. 30, 2009 5:16 AM link Name not displayed | Ashburn, VA
Mon., Mar. 30, 2009 5:13 AM link Name not displayed | Woodbridge, VA
Mon., Mar. 30, 2009 3:41 AM link Name not displayed | Londonderry, NH
This tax is not fair to day traders.
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Sun., Mar. 29, 2009 11:47 PM link Scott M. | Zeeland, MI
Sun., Mar. 29, 2009 9:59 PM link mort s. | Carefree, AZ
Sun., Mar. 29, 2009 9:47 PM link Rebecca B. | South Jordan, UT
Sun., Mar. 29, 2009 9:35 PM link Patrick F. | Canby, OR
Sun., Mar. 29, 2009 8:08 PM link Eddie R. | Wilmington, NC
This legislation would decrease investment.
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Sun., Mar. 29, 2009 8:04 PM link Name not displayed | Apollo Beach, FL
No! Stop trying to make this country poor, audit the Federal Reserve and then fire them!
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Sun., Mar. 29, 2009 7:58 PM link Name not displayed | Redwood City, CA
Sun., Mar. 29, 2009 7:55 PM link Name not displayed | Redwood City, CA
Sun., Mar. 29, 2009 7:27 PM link Name not displayed | Fairfax, VA
Are you kidding me DeFazio?! If you're not already aware, investor albeit, americans are already taxed enough as it is!!!!!!! A .25 tax will simply deter small time investors as well as some big time investors from "creating" volume in the market, therefore, creating less value on wall street and overall less value in America. Your paycheck will also suffer. Try coming up with a tax that makes more sense. How about all members of congress stop begging for more money and reelection. Try following the footsteps of our Four Fathers. Think about what Ben Franklin did as a political figure.
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Sun., Mar. 29, 2009 7:15 PM link Stuart J. | Lahaina, HI
It is not only traders that suffer, but all financial products, consider Mutual funds, the staple of American Investing. They are constantly trading the add positions, adjust to market values etc. These fees will go up dramatically.
Everyone also needs to remember that any tax on Wall Street will just be passed on to end consumers in mutual fund fees, increased bank fees or increased brokerage fees, so only individuals are effectively taxed by this, and those that are trying to advance themselves via the market.
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Sun., Mar. 29, 2009 6:26 PM link David U. | Sarasota, FL
Sun., Mar. 29, 2009 5:57 PM link Name not displayed | Wauwatosa, WI
This seems extremely unfair to the small do it yourself investor like me. In addition all others who invest throug mutual funds and the like will have this cost past on to them. I think we all pay enough taxes and fees just to invest as is.
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Sun., Mar. 29, 2009 4:36 PM link Andy B. | Houston, TX
Sun., Mar. 29, 2009 4:32 PM link john b. | San Anselmo, CA
Sun., Mar. 29, 2009 2:47 PM link Name not displayed | Hopewell Junction, NY
Sun., Mar. 29, 2009 2:43 PM link Andrew C. | Jamesville, NY
This Bill would totaly elimite the ability for individuals to short term trade Futures contracts. Because futres are a leveraged product, the impack is increibly increased.
This bill will drive many companies that support traders out of business or leave the crippled. (IE Ninja Trader, Trade Station, E-signal, Meta Stock, NIQ, and many other) It would criple the brokers that deal largly with Futures traders. Even exchanges, like the CME Exchange would be signifigantly impacted.
Small business that educated traders would also be put out of business. There are LOTS of these. This Bill has far reaching implications to 10's of thousands of people well beyong just paying an exta $50 on a $10,000 stock trade.
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Sun., Mar. 29, 2009 2:20 PM link Name not displayed | Carlsbad, CA
This tax would put me out of business as a small trader and end my livelihood. The consequences would be devastating for me and my family. This is another example of changing the rules of the game after the fact. Many individuals have made large investments in time, money, and software development to create viable trading systems. The "trader tax" would render these efforts worthless, and an income-producing activity for thousands of small businesses.
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Sun., Mar. 29, 2009 12:42 PM link Joseph C. | Costa Mesa, CA
Sun., Mar. 29, 2009 12:06 PM link Ben B. | Lodi, WI
Sun., Mar. 29, 2009 12:04 PM link Farhad M. | Carlsbad, CA
Sun., Mar. 29, 2009 11:07 AM link rick r. | Austin, TX
Your time would be better spent looking at how the hedgefunds manipulated markets and raped and pillaged companies by calling themselves hedge funds instead of market manipulators. I trade to try to save some for retirement. I can't get the returns to retire on when real inflation is more than normal investment income. I have worked 35 years and have gotten screwed by paying off my house, now pay more taxes because of this crisis that has kept pushing up house prices due to low interest rates. More tax on trading? Reduce leverage by hedge funds. They have so much money, let them pay cash!
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Sun., Mar. 29, 2009 10:39 AM link Name not displayed | Placerville, CA
Sun., Mar. 29, 2009 10:15 AM link Name not displayed | Iron Mountain, MI
Sun., Mar. 29, 2009 10:04 AM link Name not displayed | Hanover, PA
Sun., Mar. 29, 2009 10:02 AM link Name not displayed | Lincoln, NE
What the country needs now is to encourage investment in the markets, to get the money that is sitting on the sidelines back to work, this will do just the opposite. This certainly won't help. Lawmakers need to spend their time trying to inspire confidence in the market system instead of looking for new ways to scrape tax money off what is currently available. Confidence in the market would yield more generated tax revenue than a tax like this that will tend to drive people from the market..... Come on, start thinking already.
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Sun., Mar. 29, 2009 9:28 AM link James r. | Melbourne, FL
Sun., Mar. 29, 2009 8:06 AM link Glenn T. | Springfield, VA
The concept of "punishing" the innocent for a mistake that was encouraged, if not instigated by those on Capitol Hill, is outrageous to say the least. Please see this for what it is and put an immediate stop to it. This is nothing more than looking for ways to find money wherever you can.
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Sun., Mar. 29, 2009 7:20 AM link Name not displayed | Salem, NH
Sun., Mar. 29, 2009 6:56 AM link David S. | O Fallon, MO
Sun., Mar. 29, 2009 2:21 AM link Jerry E. | Plant City, FL
Sat., Mar. 28, 2009 10:46 PM link Name not displayed | Long Island City, NY
Sat., Mar. 28, 2009 8:40 PM link Tyler L. | Salt Lake City, UT
Sat., Mar. 28, 2009 7:36 PM link Peter Courtenay S. | Hayes, VA
Do not put punitive taxes on the small investor/trader. Not only will it effect the investor /trader it will seriously impact the broker dealer and the market makers. it will put people out of work and this country can not afford to put productive people out of work. We have too many non productive people as it is. Think for god's sake, Think.
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Sat., Mar. 28, 2009 6:59 PM link Dennis W. N. | Salt Lake City, UT
Sat., Mar. 28, 2009 6:52 PM link tony . | ,
Sat., Mar. 28, 2009 6:48 PM link Julio R. | Woodside, NY
Sat., Mar. 28, 2009 5:29 PM link Name not displayed | Seville, OH
Please do not add the .25% tax on security transactions. There are uncounted thousands like myself who, in these tough times, trade for a living or at least part of it. Day trading by small investors did not cause the problems. With profit margins of .5% or less, what you are proposing is not a .25% tax to us but a 50% tax on profits, at least. It will end my and many others livelihood. If you decide to pass a tax, than at the very least, make it only on transactions over $250,ooo or $500,000 or some number that obviously would focus on institutional transactions rather than most individuals either investing or trading.
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Sat., Mar. 28, 2009 5:13 PM link Ron K. | Davis, IL
Sat., Mar. 28, 2009 5:12 PM link Richgard M. | Memphis, TN
Sat., Mar. 28, 2009 4:42 PM link Patricia D. | Thomasville, GA
Sat., Mar. 28, 2009 4:10 PM link Name not displayed | Morrison, IA
Sat., Mar. 28, 2009 1:47 PM link Paul M. | Austin, TX
Sat., Mar. 28, 2009 1:29 PM link Jon G. | Willmar, MN
Sat., Mar. 28, 2009 12:18 PM link John J. | Cypress, TX
Sat., Mar. 28, 2009 12:03 PM link Name not displayed | Warrenville, IL
Sat., Mar. 28, 2009 11:37 AM link Neil D. | Denver, CO
Sat., Mar. 28, 2009 10:07 AM link Kurt B. | Boise, ID
Sat., Mar. 28, 2009 10:07 AM link Name not displayed | ,
Sat., Mar. 28, 2009 9:28 AM link Name not displayed | Long Beach, CA
Sat., Mar. 28, 2009 9:21 AM link Name not displayed | Gillette, WY
Clearly Mr. DeFazio either does not understand the root cause of our current crisis or is simply attempting political recognition at the cost of our country's humble, hard working honest citizen traders.
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Sat., Mar. 28, 2009 9:12 AM link Deborah W. | Santa Fe, NM
Sat., Mar. 28, 2009 8:55 AM link Nick T. | Carefree, AZ
This bill is singling out the small trader who is scratching out a living as a trader, and will put them out of business, as well as the thousands of specialty brokerage firms.
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Sat., Mar. 28, 2009 8:13 AM link Jeptha H. | Nappanee, IN
Sat., Mar. 28, 2009 7:55 AM link Dennis W. N. | Salt Lake City, UT
This Tax, Tax, Tax Non-Sense must stop! This Spend, Spend, Spend Non-Sense must also stop! The government doesn't do much very well when it comes to business - AmTrac, Freddi, Fannie, US Postal Service, Senate & House Restaurants. Does any of this ring a bell?
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Sat., Mar. 28, 2009 7:23 AM link Shawn M. | Baltimore, MD
Sat., Mar. 28, 2009 6:45 AM link michael d. | Ocean City, NJ
Sat., Mar. 28, 2009 5:03 AM link Name not displayed | Lake Worth, FL
Many daytraders will be punished and we are not responsile for the mortgage and banking problems that brought us this recession.. All Florida House members will be notified of my views.
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Sat., Mar. 28, 2009 2:57 AM link brian n. | Los Angeles, CA
Sat., Mar. 28, 2009 12:35 AM link Steven S. | Ashland, MA
Fri., Mar. 27, 2009 11:45 PM link Name not displayed | Tallahassee, FL
If this bill is passed it will kill the marketplace. I for one will quit trading and many more people I know will do likewise. There just isnt enough profit to justify the risk.
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Fri., Mar. 27, 2009 11:44 PM link Name not displayed | Tallahassee, FL
If this bill is passed it will kill the marketplace. I for one will quit trading and many more people I know will do likewise. There just isnt enough profit to justify the risk.
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Fri., Mar. 27, 2009 11:42 PM link Kenneth N. | Salt Lake City, UT
Fri., Mar. 27, 2009 11:07 PM link John N. | Tampa, FL
Fri., Mar. 27, 2009 10:49 PM link Jeff T. | ,
Fri., Mar. 27, 2009 10:31 PM link Kristine H. | Nappanee, IN
Fri., Mar. 27, 2009 10:22 PM link Name not displayed | Hoffman Estates, IL
Fri., Mar. 27, 2009 10:18 PM link Ryan H. | Nappanee, IN
Fri., Mar. 27, 2009 8:57 PM link Name not displayed | Pampa, TX
Fri., Mar. 27, 2009 8:36 PM link RUSS L. | Starkville, MS
Fri., Mar. 27, 2009 7:56 PM link Darrell M. | Orem, UT
Fri., Mar. 27, 2009 7:54 PM link Darrell M. | Orem, UT
Fri., Mar. 27, 2009 6:55 PM link Ann S. | Batesland, SD
Fri., Mar. 27, 2009 6:24 PM link clay s. | El Paso, TX
Fri., Mar. 27, 2009 6:04 PM link Name not displayed | Mission Hills, KS
Please do NOT do this, it will effectively put so many people out of work. If this bill is passed, I will join the unemployed, and will have to go on food stamps and welfare. This bill will DEVASTATE the small investor, and will further empower the Big Brokers and Banks to control and manipulate the markets to their advantage. It will drain peoples IRA's, it will prevent people from investing, it will eliminate liquidity from the markets. This is total insanity if you do this, please, do NOT put me in the rolls of the unemployed! I run a small advisory service, and if this bill passes, then I won't have any clients. You are punishing the wrong people if you do this, and this is completely UN-AMERICAN !!!
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Fri., Mar. 27, 2009 5:12 PM link Name not displayed | Orem, UT
Fri., Mar. 27, 2009 4:51 PM link Name not displayed | Broomfield, CO
I recently graduated from college with a double degree, and owe approximately 180,000.00 in student loans. I have not been able to find a job in either of my degree fields due to massive layoffs, therefore I am currently working as a waitress. This income pays my living expenses (I live very frugally) but does not cover my student loans. I trade in the mornings to pay for these loans. I do not want to default but if you increase the costs of trading, I will be unable to trade and therefore unable to pay my student loans. HR 1068 reaches further than you know. PLEASE do not pass this law.
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Fri., Mar. 27, 2009 4:39 PM link Mark R. | San Antonio, TX
These congressman are punishing the wrong people--the innocent who try hard to make a decent living during retirement. Shame on them for missing the target. This is another socialist sicko agenda that spits forcefully on the American middle class, snot and all.
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Fri., Mar. 27, 2009 3:27 PM link Adam B. | Bloomington, IN
Fri., Mar. 27, 2009 3:23 PM link Steve S. | Houston, TX
I urge you to vote NO on H.R. 1068. This will only hurt the individual traders that didn't cause this problem
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Fri., Mar. 27, 2009 3:02 PM link Robert B. | Hammond, WI
Fri., Mar. 27, 2009 2:34 PM link Jennifer R. | Frisco, TX
Don't you already collect enough taxes!
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Fri., Mar. 27, 2009 1:23 PM link Name not displayed | Ashburnham, MA
This is another outrageous attempt to steal from the American people by any means possible. Is it the government's intent to destroy everything! If so they are finding every conconceivable means to be successful. Has insanity actually become a positive human characteristic now. Stop the Insanity Congress.
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Fri., Mar. 27, 2009 1:18 PM link Name not displayed | Marina Del Rey, CA
Fri., Mar. 27, 2009 12:29 PM link Name not displayed | Redmond, WA
This is pathetic! This will affect everyone who is going to invest in long term for their 401K etc. Bailout money should be recovered from Banks and Investment institutions which caused this issue and not from common man in Unitest States of America!
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Fri., Mar. 27, 2009 12:23 PM link Allan M. | Houston, TX
Fri., Mar. 27, 2009 12:04 PM link William B. B. | Normandy Park, WA
Fri., Mar. 27, 2009 11:51 AM link Brett T. | Sarasota, FL
Fri., Mar. 27, 2009 11:45 AM link Allen S. | Keithville, LA
Fri., Mar. 27, 2009 11:22 AM link Gary M. | Greenville, PA
Fri., Mar. 27, 2009 11:20 AM link Glynn R. | Kingwood, TX
Fri., Mar. 27, 2009 11:16 AM link Scott P. | Knoxville, TN
Tax the people that make America Strong! Bail-out the ones that are bringing this GREAT Country to it's knees. ....Ignorant.
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Fri., Mar. 27, 2009 10:58 AM link Wayne R. | Austin, TX
Remove liquidity from the market, make entry into the market harder for small investors.
Very poor idea.
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Fri., Mar. 27, 2009 10:39 AM link Tim T. | Rocklin, CA
This tax proposal does not take into consideration the small trading firms.
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