Letter to Governor Cuomo Against NY Stock Transaction Tax
February 3, 2021
Today, MFA and 23 other organizations sent a letter to New York Governor Cuomo and state legislative leaders in opposition to re-imposing the state’s Stock Transaction Tax (STT). The letter, was also sent to the Senate and Assembly Leadership and argues the economic uncertainty currently faced by New York will only be made worse by adding a tax that diminishes financial market activity in the state. We cannot express strongly enough the economic harm a STT could have on the state’s retirement savers, investors, businesses and the economy.