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.