In Tuesday's
Wall Street Fund Track, Ian Salisbury takes a look at how
Rep. Peter DeFazio's (D-OR) "Let Wall Street Pay for the Restoration of Main Street Act of 2009" -- which would levy a 0.25 percent tax on stock and derivative
trades -- could benefit Main Street investors.
| Rep. Peter DeFazio's (D-OR) | |
Salisbury points out that the burden on fund investors would be smaller compared to "other controversial fees investors have paid for years, to Wall Street rather than the government." (read: 12b-1s.)
He also writes that DeFazio's proposal, unveiled last month, could bring about
an "unintended plus": investors could gravitate more toward index funds. 
Edited by:
InvestmentWires Staff,
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