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Topic - Scott Talbott
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Scott Talbott, senior vice president of government affairs at the Financial Services Roundtable, warned that the tax would reduce the number of trades, and fewer trades meant more volatility in the market.
"It will hurt parents saving for college tuition," he added. "It will hurt graduates saving for a new home. It will hurt the elderly who are saving for retirement. It will hurt Americans in all walks of life."