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Tuesday, January 19, 2010 DeFazio's Tax Proposal Could Be a Boon to Index Funds 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.
He also writes that DeFazio's proposal, unveiled last month, could bring about an "unintended plus": investors could gravitate more toward index funds. Printed from: MFWire.com/story.asp?s=23929 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |