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. Sat., Jan. 16, 2010 5:53 PM    link Name not displayed | Dundee, IL

  2. Sat., Jan. 16, 2010 8:45 AM    link Shlomo A. | New York, NY

  3. Fri., Jan. 15, 2010 9:33 PM    link Name not displayed | Delray Beach, FL

  4. Fri., Jan. 15, 2010 4:34 PM    link Name not displayed | Beaverton, OR

    I'm small part time trader, this is just another tax that is going after the large block traders but will hurt all the small lot player

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  6. Fri., Jan. 15, 2010 3:52 PM    link Name not displayed | Saint Charles, IL

  7. Fri., Jan. 15, 2010 10:26 AM    link Name not displayed | Rowlett, TX

    Load down the middle class pack mules even more! Is there ANY morality left in our Gov't?!!

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  9. Fri., Jan. 15, 2010 10:01 AM    link Sarah C. | Allen, TX

  10. Fri., Jan. 15, 2010 9:10 AM    link Ellen M. | Plano, TX

    This is just more burden on the middle class. The US Gov't is becoming a greater and greater burden to it's citizens. At least to the citizens who do the work in this country.

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  12. Fri., Jan. 15, 2010 1:17 AM    link Name not displayed | Hayward, CA

  13. Fri., Jan. 15, 2010 12:38 AM    link Thomas C. | Colorado Springs, CO

  14. Thu., Jan. 14, 2010 11:34 PM    link Mark H. | Abilene, TX

  15. Thu., Jan. 14, 2010 11:33 PM    link Mark H. | Abilene, TX

  16. Thu., Jan. 14, 2010 10:42 PM    link Name not displayed | Plano, TX

  17. Thu., Jan. 14, 2010 6:25 PM    link Rodney D. | Walnut Creek, CA

    End of the USA as we know it if this passes..and I will move to another country.

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  19. Thu., Jan. 14, 2010 6:04 PM    link Carey M. | Plano, TX

  20. Thu., Jan. 14, 2010 5:52 PM    link Name not displayed | Orlando, FL

    This tax would kill the liquidity in the market. Once again, leave it to the idiots in Washington for another dumbass idea. If imposed, all traders would simply trade overseas.

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  22. Thu., Jan. 14, 2010 5:34 PM    link Evelyn D. | Santa Ana, CA

  23. Thu., Jan. 14, 2010 3:43 PM    link David C. | Marion, IA

  24. Thu., Jan. 14, 2010 3:09 PM    link Albert M. | Allen, TX

  25. Thu., Jan. 14, 2010 3:09 PM    link Carlos H. | Oceanside, CA

  26. Thu., Jan. 14, 2010 3:03 PM    link Bob C. | Bell, CA

    no double taxation!!!! or offshore we go..

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  28. Thu., Jan. 14, 2010 2:47 PM    link Gregory H. | Dallas, TX

    I do not work on Wll Street and do not trade stocks, but I do work hard to build my 401K and will not have it double taxed. Screw that!

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  30. Thu., Jan. 14, 2010 1:34 PM    link Lowell P. | Portland, OR

  31. Thu., Jan. 14, 2010 11:53 AM    link Jody M. | New York, NY

    Insane.. who thinks of this tripe?

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  33. Thu., Jan. 14, 2010 9:17 AM    link Mark C. | Brick, NJ

  34. Thu., Jan. 14, 2010 4:56 AM    link mosoline m. | Guaynabo, PR

    cool

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  36. Thu., Jan. 14, 2010 2:47 AM    link Vito M. | West Palm Beach, FL

  37. Wed., Jan. 13, 2010 8:51 PM    link Name not displayed | Knoxville, TN

  38. Wed., Jan. 13, 2010 7:22 PM    link Name not displayed | Miami, FL

  39. Wed., Jan. 13, 2010 4:49 PM    link Name not displayed | Miami, FL

  40. Wed., Jan. 13, 2010 2:02 PM    link John K. | Wayne, PA

    Guys like DeFazio will find more ways to benefit from the media fueled "Wall Street vs. Main Street" stigma until the people have had enough. This is a bill based on a false premise and is a great example of the incapacity and ignorance of those who represent us.

    http://online.wsj.com/article/SB10001424052748703580904574638731631345994.html

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  42. Wed., Jan. 13, 2010 10:34 AM    link Name not displayed | Allen, TX

  43. Wed., Jan. 13, 2010 9:17 AM    link ROGER G. | Saint Louis, MO

  44. Wed., Jan. 13, 2010 12:36 AM    link michael m. | Zebulon, NC

  45. Tue., Jan. 12, 2010 6:37 PM    link Louis L. | ,

  46. Tue., Jan. 12, 2010 6:05 PM    link Name not displayed | Redlands, CA

    This proposed tax is a huge and harmful market distortion. It would have large, negative, and unintended consequences, as several writers have outlined. In my opinion, with this bill Congressman DeFazio exposes a lack of knowledge of capital markets, the causes of the credit debacle, and the reasons for and benefits of speculation. I've written about free markets and market efficiency at this link: http://polewolf.blogspot.com/2008_10_01_archive.html

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  48. Tue., Jan. 12, 2010 5:13 PM    link Tanya H. | Abilene, TX

  49. Tue., Jan. 12, 2010 4:39 PM    link Richard C. | Binghamton, NY

  50. Tue., Jan. 12, 2010 3:59 PM    link George W. | Georgetown, CA

    I have been a full-time trader for nearly two decades, and I can assure you that should this come to pass I will be forced to trade foreign markets such as the DAX, Heng Seng and others, adding liquidity there and removing it here. This proposed transaction tax is quite simply a deal-breaker. There is no way known to me that I could operate while paying this tax.

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  52. Tue., Jan. 12, 2010 2:50 PM    link Harold H. | Gainesville, GA

    This will destroy the retail trader who didn't cause of any of the issues that are currently in existence.

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  54. Tue., Jan. 12, 2010 1:29 PM    link jim r. | Boynton Beach, FL

    Im guessing this financial trading tax wont apply to those currently abusing the system, by using flash orders and sub penny trading, this is a way to get traders out of the market so the big investment banks can do as they please with the markets

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  56. Tue., Jan. 12, 2010 12:08 PM    link John H. | Buena Vista, CO

  57. Tue., Jan. 12, 2010 8:46 AM    link Gertraud B. | Brandywine, MD

  58. Tue., Jan. 12, 2010 4:42 AM    link Name not displayed | Aiea, HI

  59. Tue., Jan. 12, 2010 3:25 AM    link Tolga A. | Manchaca, TX

  60. Mon., Jan. 11, 2010 8:49 PM    link Steven R. | Wesley Chapel, FL

  61. Mon., Jan. 11, 2010 5:48 PM    link Brandon M. | Seattle, WA

  62. Mon., Jan. 11, 2010 5:25 PM    link Allan B. | Las Vegas, NV

  63. Mon., Jan. 11, 2010 4:22 PM    link Name not displayed | Reynoldsburg, OH

  64. Mon., Jan. 11, 2010 4:07 PM    link Name not displayed | Columbus, OH

  65. Mon., Jan. 11, 2010 3:06 PM    link Robin E. | Weatogue, CT

  66. Mon., Jan. 11, 2010 12:29 PM    link JOSE C. | Yonkers, NY

    Let's consider the unintended consequences of this act. It will put a lot of small traders out of business. Individuals who day trade to capture small profits will have much of their gains eaten away by the tax. Consider a trader who uses the same $10,000 to buy and sell stock each day. One round trip each day for a week creates a $250 tax bill. That's 2.5% of his principal amount. How do you stay in business when you have to make 2.5% per week just to break even?

    What about mutual funds? They will need to increase their fees in order to pay for the tax. Since the average turnover in mutual fund holdings is something like 100% each year, fund holders can look forward to seeing their returns decline by at least 0.5% each year. Anyone holding mutual funds for the past decade is barely above water as it is. Knock 0.5% off the annual return, and the results go negative.

    This tax is just patently unfair. We (traders) already pay income tax on our capital gains. Now, we're being asked to pay an additional tax on the principal value of our trades.

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  68. Mon., Jan. 11, 2010 10:11 AM    link JULIAN H. | Fort Lauderdale, FL

  69. Mon., Jan. 11, 2010 9:35 AM    link mark b. | Portland, OR

    the government is way overboard on its spending and its schemes for more taxation. way out of line.

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  71. Sun., Jan. 10, 2010 8:31 PM    link Bryan H. | Garland, TX

  72. Sun., Jan. 10, 2010 8:52 AM    link glenn m. | Penryn, CA

  73. Sat., Jan. 9, 2010 9:19 PM    link Michael H. | Durham, NC

  74. Sat., Jan. 9, 2010 7:40 PM    link Name not displayed | Columbia, MD

    Trading is a job for so many Main Street parents who need flexible work in order to take care of their kids and work around school schedules. This group trades their own money, and they are the Main Street folks of the trading world. This bill would squeeze them out of a job. So this bill should be titled, "Let's throw struggling parents and their kids out onto the street, making Main Street pay twice for Wall Street." Once again Wall Street will go on while the small businessperson gets taxed out of a job by government. I have serious concerns about the well-being of the future when our own representatives write/sponsor/co-sponsor/vote for bills without considering or seemingly caring about the bill’s full implication and sometimes without even reading the bill. Just please stop spending money we don’t have. Set a balanced budget and be an example for Americans, because we Main Street people do not have money trees in our back yard from which to get money to give to you.

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  76. Sat., Jan. 9, 2010 7:12 PM    link Richard L. | Chelsea, MA

  77. Sat., Jan. 9, 2010 7:11 PM    link Karen Z. | Chelsea, MA

  78. Sat., Jan. 9, 2010 7:09 PM    link Paula Z. | Chelsea, MA

  79. Sat., Jan. 9, 2010 1:42 PM    link Gar C. | Brooklyn, NY

  80. Sat., Jan. 9, 2010 1:01 PM    link James F. | Hortonville, WI

  81. Sat., Jan. 9, 2010 7:15 AM    link Harry S. | Memphis, TN

    I sincerely hope this bill is rejected.
    I can only warn that this action will lead to the demise of this countrys free exchange system. Remember there are other markets to invest in outside the U.S. No less than 3 Trillion Dollars or 1/3 of the current funds will be lost to other world wide exchanges. Come on Congressman wake up!

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  83. Fri., Jan. 8, 2010 8:09 PM    link William P. | Key Colony Beach, FL

    There are better ways to raise taxes, this securities tax would hurt liquidity and would widen the bid/ask spread.

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  85. Fri., Jan. 8, 2010 7:35 PM    link Name not displayed | Dollar Bay, MI

    This tax should never see the light of day. Stop the excessive spending and "income redistribution" and the tax would not be needed!

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  87. Fri., Jan. 8, 2010 2:56 PM    link Jared I. | Chicago, IL

    All the more reason to move your money offshore and out of US dollars. Get your money out of this fascist country before it is too late!!

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  89. Fri., Jan. 8, 2010 2:50 PM    link Garry M. | Tucson, AZ

    If the government whats to stop liquidity in the market this is how to do it.

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  91. Fri., Jan. 8, 2010 1:11 PM    link John R. | Clarence Center, NY

    The bet way to pay down the deficit is to stop spending taxpayer money. Don't raise taxes.

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  93. Fri., Jan. 8, 2010 12:45 PM    link R. Steve A. | Montrose, CO

    the bill was written with no differentiation between taxes on small businessmen/traders,, and the large wallstreet brokerages that caused the problem. The bill was also written with no date of repeal, or no date the "tax" would end. ,, Elections in november of 2010 are gonna clean house fellas

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  95. Fri., Jan. 8, 2010 12:30 PM    link Don C. | Chicago, IL

    This will have a ripple affect, money managers including mutual funds with a style of more active trading could see clients reduce or eliminate assets under management due to lower returns from additional fees. Punish the ones who wrecked the ship, not the passangers

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  97. Fri., Jan. 8, 2010 8:45 AM    link Name not displayed | Titusville, FL

    Stop penalizing the taxpayer!

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  99. Fri., Jan. 8, 2010 12:11 AM    link Robert H. | Pelham, AL

  100. Thu., Jan. 7, 2010 11:46 PM    link Name not displayed | Solana Beach, CA

    So let me get this straight, Soros and Buffet will pay this? No they won't, only the wonker voters and regular American will pay this, the rest will be 'exempt' for whatever reason, large transactions, off shore trades, more than 1% of market cap trades, VOTE OUT THESE BOZOS!

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  102. Thu., Jan. 7, 2010 8:39 PM    link Nancy N. | Sarasota, FL

  103. Thu., Jan. 7, 2010 8:01 PM    link R Z. | Garland, TX

  104. Thu., Jan. 7, 2010 6:49 PM    link Joyce K. | Dayton, OH

  105. Thu., Jan. 7, 2010 5:01 PM    link Shawn M. | Aurora, CO

  106. Thu., Jan. 7, 2010 2:33 PM    link Steven D. | East Hampton, NY

  107. Thu., Jan. 7, 2010 12:24 PM    link FRANK R. | Fairfield, CT

  108. Thu., Jan. 7, 2010 11:49 AM    link Don S. | Anaheim, CA

    If you want to pass something like this, there needs to be a level established that will not punish the small traders.

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  110. Thu., Jan. 7, 2010 11:47 AM    link Sarah L. | Houston, TX

  111. Thu., Jan. 7, 2010 11:45 AM    link Marion L. | Houston, TX

  112. Thu., Jan. 7, 2010 11:41 AM    link Wayne H. | Houston, TX

  113. Thu., Jan. 7, 2010 10:53 AM    link louis a. | ,

  114. Thu., Jan. 7, 2010 10:46 AM    link Name not displayed | Shirley, MA

  115. Thu., Jan. 7, 2010 9:29 AM    link wright r. | Lafayette, CA

  116. Thu., Jan. 7, 2010 12:48 AM    link Name not displayed | Indian Trail, NC

  117. Wed., Jan. 6, 2010 10:21 PM    link Name not displayed | San Francisco, CA

  118. Wed., Jan. 6, 2010 9:17 PM    link Joshua B. | Bronx, NY

    This might be the dumbest bill a congressman has ever tried to pass

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  120. Wed., Jan. 6, 2010 9:11 PM    link Name not displayed | East Norwich, NY

    Our Economic system and it's stability depends upon liquid securities markets to function properly and efficiently. If there was any doubt about this one only need look at what occurred to the markets in late 2008. A trader tax like the one proposed would undoubtedly impair market liquidity and price discovery in a very negative way, not to mention the thousands of traders and trading firms that this tax would force out of business. Instead of trying to find myriad ways to raise revenue through higher taxation, Congress would be better served by enacting large and broadbased reductions in Government spending.

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  122. Wed., Jan. 6, 2010 8:57 PM    link Jeffrey B. | Atlanta, GA

  123. Wed., Jan. 6, 2010 8:37 PM    link Philip H. | Staten Island, NY

  124. Wed., Jan. 6, 2010 7:36 PM    link Jim M. | Carol Stream, IL

  125. Wed., Jan. 6, 2010 6:51 PM    link Elliot B. | Las Vegas, NV

  126. Wed., Jan. 6, 2010 6:13 PM    link John F. | Las Vegas, NV

  127. Wed., Jan. 6, 2010 5:40 PM    link David J. | Stanchfield, MN

  128. Wed., Jan. 6, 2010 5:12 PM    link michael h. | New York, NY

  129. Wed., Jan. 6, 2010 4:39 PM    link Wayne K. | Rockford, IL

  130. Wed., Jan. 6, 2010 4:34 PM    link donald p. | Reno, NV

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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