Summary
WASHINGTON (HedgeWorld.com) - As it has in years past, the presidential administration in this year's budget proposal has targeted futures transactions as a potential new revenue stream: And, as in years past, opposition has crystallized.
The proposed fiscal year 2008 funding for the Commodity Futures Trading Commission is $116 million. This is somewhat more modest than last year's proposal, which was for $127 million.See the full content of this document
Extract
Futures Fee Comes Around Again
The administration proposes to raise $86 million, about 74% of the appropriation, from a fee on futures transactions executed on e...
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