Podcast: FTT – A Tax on Savers and Investors

The FTT or financial transaction tax—a tax on trades of stocks, bonds, and derivatives—is a tax on investors. The imposition of an FTT would increase costs and lower returns for Americans saving for retirement, college, homes, and other investment ideals. FTTs have never lived up to expectations, but instead have only served to increase volatility, harm capital markets, increase costs, and hurt economic growth.

In this podcast, Ken Bentsen, SIFMA President and CEO, is joined by Jamie Wall, EVP, Advocacy at SIFMA, and Katie Kolchin, CFA, Head of Research at SIFMA. Together, they discuss the failed history of FTTs, real world case studies, and how an FTT would negatively affect American workers and the economy.

Kenneth E. Bentsen, Jr. is president and CEO of SIFMA, the voice of the nation’s securities industry. He is also CEO of the Global Financial Markets Association (GFMA), of which SIFMA is the U.S. regional member.