# Prof. Yakov's Amihud's research shows the consequences of a transactions tax

1 May 18, 2012 MSNBC ![MSNBC logo](/sites/default/files/styles/246w/public/assets/images/con_030725.jpg?itok=1TPLKUHG)>

Excerpt from [MSNBC](http://usnews.msnbc.msn.com/_news/2012/05/18/11757222-nurses-yes-nurses-lead-charge-for-wall-street-sin-tax?lite) -- “A transactions tax will end up punishing Main Street, hurting the economy and reducing U.S. Treasury revenues in the next few years. It will thus exacerbate the effects of the financial crisis.”

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