Table 1: FTT Revenue Estimates by
Congressional Budget Office (December 13, 2018)
Year |
Change in Revenues ($bn) |
2019 |
-43.9* |
2020 |
22.0 |
2021 |
70.2 |
2022 |
93.2 |
2023 |
100.7 |
2024 |
103.7 |
2025 |
106.2 |
2026 |
106.3 |
2027 |
107.9 |
2028 |
110.4 |
2019-23 |
242.2 |
2019-28 |
776.7 |
Source: Staff of the Joint Committee on
Taxation.
* A
loss in revenues is expected in 2019 because the transaction tax would
immediately lower the value of financial assets.