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

1 Faculty News May 18, 2012 ![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.”

[Read more](http://usnews.msnbc.msn.com/_news/2012/05/18/11757222-nurses-yes-nurses-lead-charge-for-wall-street-sin-tax?lite)