Oppose Financial Transaction Tax

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HR 727 resolves, by the Illinois House of Representatives, that they support the continued health and operation of the financial transaction markets of Illinois and oppose the concept of a privilege tax on financial transactions.

HR 727 further resolves that any tax of this type will be passed on to burden the savings activities of people all over the world, including Illinois workers saving for retirement.

Finally, HR 727 resolves that suitable copies of this resolution be delivered to the Speaker of the House of Representatives, the Minority Leader of the House of Representatives, the President of the Senate, the Minority Leader of the Senate, the Mayor of the City of Chicago, and the chief executive officer of the CME Group.

Representative Joe Sosnowski