Some analysts worry Biden and a Blue Wave could find more ways to tax Wall Street

U.S. President-elect Joe Biden spoke at Beech Woods Recreation Center in Southfield, Michigan during the 2020 presidential election campaign on Oct. 16.
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In the event of a Biden victory, some analysts worry his administration and a possible majority of blue legislators will enact a financial transactional tax, which could impact trading and the markets.

A financial transaction tax is a tax imposed on every financial security trade and Wall Street analysts are telling clients the result could impact trading volumes, exchanges and e-brokers.