Should she win in November, Hillary Clinton’s platform on financial services will likely serve as the financial policy roadmap for the next four years. Notable within Clinton’s Wall Street plan, released last October, is a call for a financial transaction tax (FTT) on high-frequency trading (HFT). A financial transaction tax is an excise tax on trades … Continue reading
Author Archives: msmith16
Export-Import Bank: Crony Capitalism or Good Policy?
Last week, Senator Mike Lee (R-Utah) wrote an op-ed titled, “A Victory for the American People Against the Export-Import Bank.” The “victory” being Senate Banking Committee Chairman Richard Shelby (R-Alabama) blocking a vote on the nomination of J. Mark McWatters to the export credit agency’s board. By blocking the nomination from a Senate vote, Sen. … Continue reading
House GOP’s Dodd-Frank Fix: A Market-Based Solution
When Wisconsin Congressman Paul Ryan started as Speaker of the House last October, he promised to outline a Republican vision on policies for the 2016 election. Last week, chairman of the House Financial Services Committee, Rep. Jeb Hensarling (R-TX), began that process by outlining a bill designed to replace the 2010 Dodd-Frank Wall Street Reform … Continue reading