Some analysts concern that Biden and a Blue Wave might discover extra methods to tax Wall Avenue


Democratic presidential candidate Joe Biden speaks at the Beech Woods Recreation Center in Southfield, Michigan on October 16, 2020.

Jim Watson | AFP | Getty Images

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If Biden wins, some analysts fear his government and a possible majority of blue lawmakers will enact a financial transactions tax that could affect trade and markets.

A financial transaction tax is a tax that is imposed on any financial security business, and Wall Street analysts tell clients that the outcome could affect trading volume, exchanges, and e-brokers.


Steven Gregory