LaSalle Street titans slam proposed transaction tax on financial exchanges – Chicago Sun-Times*

Terry Duffy, chairman and CEO of the CME Group, explained that the CME is “no longer four walls with a trading floor.” It no longer owns any real estate in Chicago. It leases offices that can be moved out of the city at the flip of a switch. “We’re not talking about an idle threat."
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Tom Paine's Ghost
3 years ago

This proposed tax exposes Democrat’s depths of absurd stupidity when it comes to basic economics. Day one of such a tax and ALL of the finanical markets leave Illinois for good.

True believer
3 years ago

Lori doesn’t care about anything but her south and west side constituency and the Latin X socialists who will get her re-elected. She could care less about taxpayers.

Platinum Goose
3 years ago

I think a majority of CME employees are working remotely right now and they are not going back until 2021. How difficult would it be for them to move with minimal disruption to their business. Go ahead Chicago dare them, I’ll place my bet on who will win this battle.

Poor Taxpayer
3 years ago

Chicago can not wait to KILL THE GOLDEN GOOSE.

Governor of Alderaan
3 years ago

CME should move out right now. Higher taxes are coming

Poor Taxpayer
3 years ago

CME should have moved years ago to a lower tax state.
If the charge too much money to make a trade another exchange will take away their market.

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