Florida Congressman Urges New York Stock Exchange to Move to FloridaEpoch Times, United States politics | The Epoch Times

Rep. Byron Donalds (R-Fla.) is urging the New York Stock Exchange (NYSE) to relocate to Florida, where he says there’s no danger the company will be hit with a tax on stock trades. “We have a lot of nice land here in Southwest Florida, we can find a place for them right here in the heart of my congressional district,” Donalds told NTD in an interview Tuesday. Donalds’s invitation to the NYSE to move to Florida came in the context of a recent proposal floated by legislators to tax stock trades. New York lawmakers have introduced a bill to amend the law to tax transfers of stocks, bonds, and derivatives, citing the state’s budgetary shortfall. The transfer tax was first imposed in 1905 but was effectively eliminated in 1981 via rebate. It taxes stocks being traded based on the dollar value of the stock. The Florida lawmaker called the tax “outrageous,” and said …Read More

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