Tell Congress to Block the Trader Tax

38,665 People Have Sent 76,261 Letters and Emails

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

Total Signers: 38,665    View More: 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. Isn't this just one more example of taxing the middle class. My 401K was not supposed to be taxed until it is withdrawn. One more example of taxing the little guy.
  2. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  3. This will put small active traders out of business and big institutions will just pass the extra cost onto mom and pop investor
  4. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  5. This will put small active traders out of business and big institutions will just pass the extra cost onto mom and pop investor
  6. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  7. I'm a small trader and this would totally take my small income away.
  8. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  9. I will be put out of business if this bill is passed. I will end up being a statistic in the unemployment numbers.
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  11. Does Congressman DeFazio believe that we normal citizens ONLY buy stocks that turn out to be WINNING positions? After losing 1/2 of the value of my meager IRA last year, this brilliant idea would have picked my pocket by more than $1500 more as I struggled to work my way back at least part way. Not just no, but HELL NO!
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  13. don't punish the average citizen
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  15. The trader tax makes no sense and by reducing trading activity and thus lowering the profits of the brokerage industry would probably be revenue neutral to the government at best while destroying jobs and reducing the valuation of many securities by reducing their liquidity. If you want to punish Wall Street, why not increase the corporate tax rate on the banking industry and create a slush fund to protect against future meltdowns?
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  17. I work as a tutor and supplement my income by occasionally trading. This tax would have decreased my profits over the last year by over 50%. If this bill is passed I will stop trading, the government will see a net tax decrease from loss of capital gains, and my retirement will be jeopardized.
  18. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  19. The large Wall Street Companies who got us into this mess have been rewarded and now you want to punish me, the small trader, for their sins? This is absurd and needs to be voted down!
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  21. This will add a huge, and possibly prohibitive, tax to all those individuals who trade as their primary business. They are the ones who will be hurt by this.
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  23. When will all this wreckless taxation cease?
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  25. There are millions of active American stock traders who will be incented to take their money elsewhere by this legislation. The reduced volume on American stock exchanges will increase pricing volatility, which is the exact opposite consequence of what you say you wish to prevent. What is your real agenda? To send more money to Goldman Sachs?
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  27. please vote this down!
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  29. As a business owner i strongly protest. My earnings fund my family and my childrens college. We are not part of the wall street mess. Please don't collapse our operating margins!
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  31. As a business owner i strongly protest.
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  33. This proposal is misguided at best. It would hurt the entire financial community instead of the few (2%) that caused all of the damage. Go after the criminals if you must, but a blanket punishment is not the way to solve the problem.
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  35. Enough taxation on the small investor. we didn't cause the meltdown, but this bill will make us pay for it.
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  37. Please oppose this bill, it stands to dramatically hurt the smaller, retail traders, damage the potential for an economic recovery, and disencentivize investment in America. If Morgan Stanley and Goldman Sachs pays extra fees that's one thing. But retail traders like me would be devastated by a "trader tax." Please consider this humble request for your support, and thank you for your time.
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  39. HR1068 will kill financial markets and the economy. I am economist and Futures trader. All revenue will simply leave the USA and traders will go to other countries.
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  41. Down with the gluttonous politicians. Resign or else.
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  43. Let's tax the politicians
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  45. This bill will destroy so many people. We are trying to recouperate here not to have you to kick our last leg out from under us. As with most of the times in history these taxes don't work.
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  47. I am sick of congress using any excuse it can to raise taxes or make a new tax. They like to target individual groups and make them the bad guys to gain support from the rest of the public and then tax them.
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  49. I am sick of congress using any excuse it can to raise taxes or make a new tax. They like to target individual groups and make them the bad guys to gain support from the rest of the public and then tax them.
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  51. This is the way Congress's liberals try to convince voters that they weren't really responsible for bringing on the mortgage crisis with their programs to push lenders into financing high-risk sub-prime loans.
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  53. No more tax's period.
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  55. Ridiculous proposition.
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  57. this is rediculous
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  59. This bill is a knee-jerk reaction without a lot of thought and seems mostly political to me. If passed, this bill would not only harm the average American who relies on stocks for his retirement, but also large businesses who need the volume of stock trading in order to raise cash. No one would be helped by this.
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  61. I am very strongly opposed to this tax.
    It is RIDiCULOUS to tax anyone and everyone
    who trades in order to make "Wall Street" pay for this mess... if this tax is approved, the little guy and gal will once again bear the burden and be unfairly taxed. How about going after Enron and the likes instead? How about taxing and fining the people who actually caused this and other messes?

    How about taxing Congress for being idiots and lets also take away their health care permanently. I think this is a much better idea !!
  62. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  63. I am very strongly opposed to this tax.
    It is RIDUCULOUS to tax anyone and everyon
    who trades in order to make Wall Street pay
    for this mess... if this tax is approved, the little guy and gal will once again bear the burden and be unfairly taxed. How about going after Enron and the likes instead? How about taxing and fining the people who actually caused this and other messes?

    How about taxing Congress for being idiots and lets also take away their health care permanently. I think this is a much better idea !!
  64. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  65. tax the traders? we already pay taxes on our gains. everybody is already paying for the greed of a few elite. we didnt cause the problem and should not be singled out to pay any more than anybody else. The big institutions are controling everthing already if that isnt enough
  66. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  67. This tax will not only hurt traders, it will dry up liquidity on all financial markets, causing MORE unemployment. Why tax the traders? They aren't the ones that caused the housing mess. After a week of this tax, most will go out of business, more unemployment, THEN after they leave, there will be no tax revenues when the traders stop trading. So you cause unemployment, AND won't collect tax anyways as traders leave.
  68. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  69. Why can't you guys just make everything fair and just charge a 4% internet tax...or a consumption tax for all goods bought on the internet. It's that simple.
    How can you guys support someone that is so anti-Wall Street...
  70. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  71. Enough is enough- small business growth is Americas growth- when will they learn that by reducing taxes will actually INCREASE revenues by encouraging business hiring and expansion- how can we compete with other countries when our corporations are taxed at 35%+ and foreign business taxed at 12-15%- when will our so-called leaders understand this?
  72. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  73. Tax, tax, tax, tax.... when will it EVER END? As you are aware, everyone should have a "budget" - we do - EXCEPT FOR CONGRESS!! I will be HAPPY WHEN I DIE, as I can get away from this illogical thinking of spend, spend, spend, spend, spend, spend, .... just to get re-elected. WHAT A DISGRACE our country has fallen into.
  74. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  75. We are traders in securities. We would most likely be put out of business by this tax. Who would THAT help?
  76. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  77. A trader tax is unethical, unconstitutional and puts an unfair burden on the trading public. As it stands we pay regular income tax on any profits we make. Isn't this enough?

    We didn't cause this mess and we shouldn't pay for it.

    Trading puts liquidity into the market. A very high % of traders are small potatoes yet do a high volume of trades. On a 50K account traded several hundreds times throughout the year, this transaction tax would wipe out all the equity!! What is fair about that?

    People will stop trading and tax revenue will suffer while giving an unfair advantage to the likes of GS. We already bailed them out once now we have to do it again?
  78. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  79. This transaction tax will only serve to increase investment costs and decrease returns. I am sure that the volume of transactions would decrease significantly and that tax revenues collected from Schedule D transactions would also decrease. This tax could result in an overall reduction of taxes into the Treasury.
  80. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

Total Signers: 38,665    View More: 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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