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Old Dec 8th, 2009, 02:24 PM   #3667
tomahawk
 
 
Join Date: Apr 2007
Posts: 1,952
Quote:
Quote from drukes1234:

You're doing a great job, please let us know how we can continue to help!
I echo that, great job GreenTradertax.

I would like to make one suggestion to everyone though, and that would be for us to downplay the "save traders' jobs" aspect of our argument. Honestly, no one on main street cares about traders, and I think it actually weakens our case when we try to invoke some sort of sympathy for our tiny segement of the population. We need to impress upon our representatives that this tax is bad for EVERYONE, period ... and not that we're just out here trying to save our own jobs as traders, which according to some is of questionable social purpose anyway.

Thanks; carry on.
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Old Dec 8th, 2009, 02:28 PM   #3668
sprstpd
 
 
Join Date: Apr 2003
Posts: 2,569
Quote:
Quote from tomahawk:

I would like to make one suggestion to everyone though, and that would be for us to downplay the "save traders' jobs" aspect of our argument.
A job is a job. If the traders go, there will be a cascading effect on other jobs. Anyone who thinks this is just about saving traders is ignorant. I know personally I spend a small fortune on data fees. If this tax goes into effect, my data provider gets hurt and people will lose their jobs.
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Old Dec 8th, 2009, 02:36 PM   #3669
rsikit
 
 
Join Date: Jan 2008
Posts: 1,046
The DeFazio bill has been referred to the House Ways and Means Committee. "We have no plans at this time to hold hearings on the bill," said Matthew Beck, a spokesman for the committee.



That is a very recent statement from House Ways and Means regarding the new defazio bill HR 4191 This article is from today traders magazine.

http://www.tradersmagazine.com/news/...-104707-1.html
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Old Dec 8th, 2009, 02:38 PM   #3670
tomahawk
 
 
Join Date: Apr 2007
Posts: 1,952
Quote:
Quote from sprstpd:

A job is a job. If the traders go, there will be a cascading effect on other jobs. Anyone who thinks this is just about saving traders is ignorant. I know personally I spend a small fortune on data fees. If this tax goes into effect, my data provider gets hurt and people will lose their jobs.
Obviously. But some in Washington want a tax to pay for creation of "real jobs", and if it costs a few jobs at the "casino", so be it.

Trust me, I'm on your side. I just know that's how DeFazio and his ilk think.
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Old Dec 8th, 2009, 03:15 PM   #3671
listedguru
 
 
Join Date: Aug 2002
Posts: 1,593
Quote:
Quote from rsikit:

The DeFazio bill has been referred to the House Ways and Means Committee. "We have no plans at this time to hold hearings on the bill," said Matthew Beck, a spokesman for the committee.



That is a very recent statement from House Ways and Means regarding the new defazio bill HR 4191 This article is from today traders magazine.

http://www.tradersmagazine.com/news/...-104707-1.html
Very good piece - thanks for posting that. I'm kind of bothered by this statement in the piece:

Treasury Secretary Timothy Geithner, in a recent interview on Bloomberg Television, said he favors the STT idea provided it wouldn't hurt the individual investor. "I have not seen a version of that that I think works," Geithner said.

I don't think he said he favors a STT - I think he favors an insurnace type levy against the banks (not on transactions)...

I also didn't like this from Pelosi:

But this time the bill has the support of the Speaker of the House, Nancy Pelosi. She said it has "a great deal of merit." She also said the U.S. might convince its foreign trading partners to make the STT a global tax.

I truely hope the US isn't going to try and convince it's foreign trading partners to make this a global tax. Thats just nuts.

-Guru
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Old Dec 8th, 2009, 03:26 PM   #3672
listedguru
 
 
Join Date: Aug 2002
Posts: 1,593
HR 4191 -

Here's a link where you can track Defazio's newest transaction tax bill:

http://www.govtrack.us/congress/bill.xpd?bill=h111-4191

According to the link HR 4191 has been referred to the following committies:

House Ways and Means
House Rules
House Budget

By contrast HR 1068 was only referred to the House Ways and Means Committee - not sure if thats significant or not?

-Guru
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