Financial Transaction Tax (FTT) Study
Senator Bernie Sanders has proposed what is known as a Financial Transaction Tax (FTT) on every share of stock traded. This tax would result in a massive new fee for pension funds – amounting to billions of dollars each year in extra costs. Modern Markets Initiative strongly opposes this proposed FTT. Read more in this op-ed from CEO Kirsten Wegner. The following report on the FTT provides an in-depth, extended look into what this tax really means for pension funds and all investors.
Arthur Levitt, former SEC Chairman
The Wall Street Journal, August 17, 2009