Date: Sep 16, 2019 | 2:00 PM–3:30 PM
Proposals for a financial transaction tax (FTT) have surfaced throughout the years in the United States and around the world. Recently, bills have been introduced in Congress that would tax financial transactions at rates of up to 0.5%. Similar bills have been proposed in previous Congresses. Proponents of such a tax contend that it would raise revenue while suppressing allegedly excessive trading activity.
On September 16, CCMC will release a new paper that broadly examines the economic impact of an FTT. The paper describes the effects of an FTT on retirement security and explores its potential impact on other aspects of the capital markets such as the securities that support the housing market, operations of businesses, and infrastructure financing.
The event will begin at 2:00 p.m. in the Dirksen Senate Office Building, Room 115.