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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Fri., Nov. 27, 2009 9:13 PM link Name not displayed | ,
Fri., Nov. 27, 2009 9:09 PM link Smita S. | Austin, TX
Fri., Nov. 27, 2009 9:01 PM link Name not displayed | New York, NY
Fri., Nov. 27, 2009 8:53 PM link Louis p. | Las Vegas, NV
why don't you thieves tax yourselves
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Fri., Nov. 27, 2009 8:08 PM link Rodney H. | Owensboro, KY
Just another punitive tax to raise money for congress to waste.
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Fri., Nov. 27, 2009 7:36 PM link Name not displayed | Brooklyn, NY
This tax is punitive and targets the wrong group. Individual investors were hurt by the crash and did nothing to cause it. Not only are many individual investors not rich, but they may make less than $250,000.00 per year. If I recall, the American public was promised no new taxes on those who make less than $250,000.00. This bill appears to be an attempt to score political points by attacking "Wall Street", with wanton disregard for the fact that it actually attacks hard working, responsible Americans trying to invest for the future.
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Fri., Nov. 27, 2009 7:33 PM link Name not displayed | Brooklyn, NY
This tax is punitive and targets the wrong group. Individual investors were hurt by the crash and did nothing to cause it. Not only are many individual investors not rich, but they may make less than $250,000.00 per year. If I recall, the American public was promised no new taxes on those who make less than $250,000.00. This bill is a horrible mistake and an insult. It is a shameful attempt to score political points by attacking "Wall Street", with wanton disregard for the fact that you are actually attacking hard working, responsible Americans trying to invest for the future.
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Fri., Nov. 27, 2009 7:16 PM link Ed B. | Eugene, OR
Fri., Nov. 27, 2009 7:14 PM link Name not displayed | Las Vegas, NV
Section 2. FINDINGS (4) of HR 1068 says, in part, "the same Wall Street investors should pay for this infusion of taxpayer money."
I did not receive any bailout funds, nor was I specifically protected by TARP or Federal Reserve lending facilities legislation.
Representative DeFazio and the Committee must figure out a way to separate small, individual traders such as myself from "Wall Street" bailout recipients.
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Fri., Nov. 27, 2009 6:49 PM link Charles W. | Los Angeles, CA
This bill would have a devastating effect on our free market system! Please don't further erode our freedoms.
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Fri., Nov. 27, 2009 6:38 PM link Howard S. | Sarasota, FL
Fri., Nov. 27, 2009 6:23 PM link Jeff D. | West Chester, PA
Fri., Nov. 27, 2009 6:15 PM link Name not displayed | Fayetteville, AR
Fri., Nov. 27, 2009 5:37 PM link Name not displayed | Richmond, VA
Fri., Nov. 27, 2009 5:26 PM link Nicholas B. | Raleigh, NC
Fri., Nov. 27, 2009 5:26 PM link David L. | Orleans, MA
Fri., Nov. 27, 2009 4:57 PM link Name not displayed | San Jose, CA
Fri., Nov. 27, 2009 4:54 PM link Mary S. | East Brunswick, NJ
Fri., Nov. 27, 2009 4:13 PM link Terry C. | Tulsa, OK
Why don't you tax real estate transactions while your at it and see how bad the economy gets. Are you serious?
I am going beyond voting against congress men who vote for stupid bills like this. Im getting in with my wallet and volunteering for congress men that have some common sense.
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Fri., Nov. 27, 2009 4:05 PM link Name not displayed | Winter Park, FL
Fri., Nov. 27, 2009 3:59 PM link Christopher R. | Mount Sinai, NY
Fri., Nov. 27, 2009 3:54 PM link Raymond J. | West Sacramento, CA
This will end online trading. Stand up for the indivdual investor!
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Fri., Nov. 27, 2009 3:10 PM link Paul B. | Milpitas, CA
The only ones to be hurt by this will be small investors and traders. The big houses will simply pass the tax along as fees to investors.
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Fri., Nov. 27, 2009 2:49 PM link James S. | Medford, NJ
I trade stocks and futures for a living. This tax will present a burden on me. I am already taxed on the gains. I also feel that this will affect the small trader more than the large institutions.
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Fri., Nov. 27, 2009 2:39 PM link Name not displayed | Flagstaff, AZ
Fri., Nov. 27, 2009 2:14 PM link Name not displayed | ,
Fri., Nov. 27, 2009 2:06 PM link Carolyn F. | Oregon City, OR
Fri., Nov. 27, 2009 1:57 PM link Michael M. | Glendale, AZ
This is just one more step by Washington towards crony capitlism. They are punishing the efficient producers and rewarding the big bank cronies. It is sickening.
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Fri., Nov. 27, 2009 1:49 PM link Name not displayed | Waltham, MA
This bill would destroy liquidity in the markets and hurt both small traders and buy-and-hold investors. The former need to scalp gains in many cases, and even a small transaction tax may be the equivalent of a 100% tax on total net profits (if any, since both gains/losses are taxed here). Buy-and-hold investors would be hurt since domestic equity values will likely drop 5-10% as a result of reduced liquidity and fear of a foundational change in market rules/behavior. Much of the liquidity would disappear since automated high-frequency trading would either be killed or greatly reduced.
Large institutions or hedge funds would not pay their fair share of this tax. The former tend to having lower transaction frequency/turnover and thus would escape much of the impact even though their transaction sizes are large. The larger hedge funds would try to escape it by moving their operations outside the U.S., i.e., something very much like this is already happening in London as a mass exodus of hedgies there is underway.
Wall Street will pay little of this tax; it is the small traders scraping a living out around the U.S. that will be severely hurt and likely driven out of business. This includes some who may be part-time traders and are currently unemployed in their main professions.
Please don't hurt the little guy by taxing what you don't understand.
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Fri., Nov. 27, 2009 1:42 PM link Robert B. | Youngstown, OH
Only question left to ask, Are the Democrats in Washington trying to destroy america on purpose, or are they simply this stupid?
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Fri., Nov. 27, 2009 1:26 PM link John S. | Kula, HI
As a "small" participant in the markets this tax will absolutely force me out, and I'd guess millions like myself. Very bad idea.
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Fri., Nov. 27, 2009 1:19 PM link William E. | Nashville, TN
Fri., Nov. 27, 2009 1:07 PM link Donald H. | Deatsville, AL
This tax will kill an active part of the stock market.
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Fri., Nov. 27, 2009 12:17 PM link Fred K. | Portland, OR
Fri., Nov. 27, 2009 11:50 AM link Mike G. | Duluth, GA
Fri., Nov. 27, 2009 11:50 AM link Edward M. | Basking Ridge, NJ
Fri., Nov. 27, 2009 11:24 AM link jim p. | Johns Island, SC
anothre bright move to move workers money to people who know a better way to allot it to the poor people who have some sob story,instead of working.
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Fri., Nov. 27, 2009 11:19 AM link Leo p. | Owego, NY
This tax would only apply more damage to the retail home gamer who is trying to recover and make a living as a result of being unemployed.
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Fri., Nov. 27, 2009 11:16 AM link Allan L. | Stamford, CT
This is reckless legislation that will make our capital markets globally non-competitive. We can't undermine all of the businesses in this country.
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Fri., Nov. 27, 2009 11:15 AM link Erik T. | Buford, GA
Fri., Nov. 27, 2009 11:14 AM link Jeffrey P. | Mason, OH
I am a physician, not a wall street trader. However, I own stocks both directly and via mutual funds and ETFs. This trading tax sounds like a real bad idea to me. The traders you are trying to target will use options to limit their taxes and the investors who buy the shares will get the bills. I feel like I will get stuck AGAIN
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Fri., Nov. 27, 2009 11:07 AM link Name not displayed | Holland, MI
Fri., Nov. 27, 2009 10:52 AM link Noel T. | Chicago, IL
I personally plan to not vote for Mr. Durbin or Mr. Burris is the proposed transaction tax is approved.
Noel Thomas (Chicago Voter)
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Fri., Nov. 27, 2009 10:50 AM link Noel T. | Chicago, IL
The AFL-CIO Pension Funds will be devastated by the Transaction Tax.
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Fri., Nov. 27, 2009 10:44 AM link Name not displayed | Fort Lauderdale, FL
Fri., Nov. 27, 2009 10:36 AM link Paul C. | Pendleton, IN
Fri., Nov. 27, 2009 10:32 AM link Name not displayed | New Hope, PA
Vote the crazys out in november.
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Fri., Nov. 27, 2009 10:29 AM link Greg P. | Northbrook, IL
This tax would put me and my firm of 100 people out of business. We have payed millions of dollars in taxes over the years. The losses in tax revenues that this bill would create in job losses would be astronomical. Another brilliant short view solution. This tax immediately makes it unfeasible to make a living as an independent trader. Greg P Chicago Il
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Fri., Nov. 27, 2009 10:28 AM link Name not displayed | Minneapolis, MN
Fri., Nov. 27, 2009 10:25 AM link Brian H. | Arvada, CO
Fri., Nov. 27, 2009 10:22 AM link Efrain H. | Springfield, MA
Fri., Nov. 27, 2009 10:19 AM link Name not displayed | Boulder, CO
Fri., Nov. 27, 2009 10:16 AM link Jeffrey D. | Cincinnati, OH
Fri., Nov. 27, 2009 10:16 AM link CONSTANTINE S. | Greenport, NY
Fri., Nov. 27, 2009 10:14 AM link Chris P. | Dallas, TX
I believe that this tax will have a negative impact on net collections. It's really just a "get even with Wall Street" tax that really impacts mostly the general public.
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Fri., Nov. 27, 2009 10:11 AM link Blake C. | Scottsdale, AZ
Fri., Nov. 27, 2009 10:00 AM link Name not displayed | Annapolis, MD
This is another horrible idea out of DC. Shame on you. Cut spending rather than increasing the already outrageous tax burden we face.
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Fri., Nov. 27, 2009 9:58 AM link Jorge B. | Miami, FL
Fri., Nov. 27, 2009 9:58 AM link Nicholas C. | Oyster Bay, NY
Fri., Nov. 27, 2009 9:55 AM link Name not displayed | Roanoke, VA
Fri., Nov. 27, 2009 9:54 AM link HUGH B. | Canoga Park, CA
I AM A RETIRED INDIVIDUAL WHO TRIES TO SURVIVE ON MY INVESTMENTS AND TRADING. THIS WOULD MAKE MY CHANCES OF DOING SO MUCH MORE DIFFICULT. CUT SPENDING, PLEASE.
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Fri., Nov. 27, 2009 9:53 AM link sevan c. | Oyster Bay, NY
this is an absurd idea. why tax those who add liquidity to the system?
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Fri., Nov. 27, 2009 9:52 AM link charles f. | Hilton Head Island, SC
Fri., Nov. 27, 2009 9:50 AM link Name not displayed | Santa Clara, CA
Fri., Nov. 27, 2009 9:42 AM link adam d. | Livingston, NJ
horrible idea. leave the small investor alone. they didnt cause the crisis.
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Fri., Nov. 27, 2009 9:42 AM link Name not displayed | Virginia Beach, VA
Fri., Nov. 27, 2009 9:41 AM link Name not displayed | Philadelphia, PA
Fri., Nov. 27, 2009 9:40 AM link mark m. | Wantagh, NY
Fri., Nov. 27, 2009 8:58 AM link Name not displayed | Eastchester, NY
Fri., Nov. 27, 2009 8:29 AM link Robert H. | Burnt Hills, NY
Fri., Nov. 27, 2009 8:17 AM link Name not displayed | Chicago, IL
Fri., Nov. 27, 2009 7:30 AM link Name not displayed | Austin, TX
Fri., Nov. 27, 2009 3:53 AM link James J. | Buena Park, CA
Fri., Nov. 27, 2009 2:10 AM link peter s. | San Diego, CA
Thu., Nov. 26, 2009 11:31 PM link Randy H. | Westland, MI
Thu., Nov. 26, 2009 11:25 PM link Name not displayed | Salisbury, NC
Thu., Nov. 26, 2009 11:23 PM link ronald r. | Quinton, NJ
Thu., Nov. 26, 2009 11:11 PM link Name not displayed | Gaylordsville, CT
Thu., Nov. 26, 2009 9:51 PM link Name not displayed | Beverly Hills, CA
Thu., Nov. 26, 2009 9:25 PM link ari a. | Irvine, CA
Thu., Nov. 26, 2009 9:07 PM link Name not displayed | Brooklyn, NY
Thu., Nov. 26, 2009 8:09 PM link Cory B. | Gonzales, LA
Thu., Nov. 26, 2009 7:59 PM link Douglas B. | Belmont, MI
Thu., Nov. 26, 2009 7:50 PM link bruna f. | Rogers, AR
Thu., Nov. 26, 2009 7:40 PM link David M. | Lexington, KY
Is there someway to impeach or legally have a public hanging of this Mr Defazio ?
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Thu., Nov. 26, 2009 7:16 PM link Jana R. | Mountain View, AR
Thu., Nov. 26, 2009 6:39 PM link Name not displayed | ,
Thu., Nov. 26, 2009 6:13 PM link Name not displayed | Aiea, HI
The public has already been raped, now this?
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Thu., Nov. 26, 2009 6:05 PM link John G. | Pflugerville, TX
This is very unfair to all investors!
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Thu., Nov. 26, 2009 5:10 PM link Jacki G. | Webb City, MO
Thu., Nov. 26, 2009 4:48 PM link Patrick C. | Lafayette, CO
Thu., Nov. 26, 2009 4:36 PM link Name not displayed | Big Lake, MN
No!
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Thu., Nov. 26, 2009 3:53 PM link laura g. | Ramona, OK
Thu., Nov. 26, 2009 3:47 PM link Russ T. | Wake Forest, NC
I feel its time we stop punishing the producers for the non producers. This game of charades needs to end. Non of these policies are really punishing the wealthy to provide for the poor. Its only holding down the average to above average producers while the BIG money in unaffected! Lets stop destroying America please!
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Thu., Nov. 26, 2009 3:44 PM link allison h. | Tulsa, OK
Thu., Nov. 26, 2009 3:42 PM link James L. | Pensacola, FL
Thu., Nov. 26, 2009 3:40 PM link Sharon l. | Pensacola, FL
Thu., Nov. 26, 2009 3:38 PM link William S L. | Blakely, GA
Thu., Nov. 26, 2009 3:34 PM link Marshline L. | Blakely, GA
Thu., Nov. 26, 2009 3:23 PM link Mary F. | Ramona, OK