US Department of Treasury Opposition to Financial Transaction Tax in the US

SIFMA, the Investment Company Institute (ICI), the National Association of Manufacturers, the U.S. Chamber of Commerce, the Financial Services Forum, the Business Roundtable, and the National Federation of Independent Business provide comments to the Secretary of the US Department of Treasury continuing their opposition to the imposition of a financial transaction tax (FTT) in the United State, or substitute form of the FTT. The groups urge the Treasury Secretary to continue to encourage other members of the G20 to resist pressures to adopt such proposals on a global basis.