Democrats just LOVE taxes no matter how much it hurts you!

Stacey Cunningham, 67th president of the New York Stock Exchange, screenshot from twitter
Stacey Cunningham, 67th president of the New York Stock Exchange, screenshot from twitter

Two professional football teams left New York for another state – but the New York Stock Exchange? That is a possibility if the Empire State imposes a transfer tax on stock sales, according to the exchange’s president.

In a Tuesday op-ed in The Wall Street Journal, NYSE President Stacey Cunningham said she and 25 other representatives of New York’s securities industry sent a letter to state legislative leaders warning against the unintended consequences of imposing such a tax.

“The New York Stock Exchange belongs in New York,” Cunningham said. “If Albany lawmakers get their way, however, the center of the global financial industry may need to find a new home.”

New York state lawmakers introduced a bill that would tax certain financial transactions. Although state revenue has suffered due to the COVID-19 pandemic, the proposed new transaction tax seemed to have little support from Gov. Andrew Cuomo or his officials.

Read the rest at: newsmax.com


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