And it&#x27;s funny, New York already has such a law on the books:<p><a href="http:&#x2F;&#x2F;www.thenation.com&#x2F;article&#x2F;why-cuomo-leaving-wall-street-cash-table&#x2F;" rel="nofollow">http:&#x2F;&#x2F;www.thenation.com&#x2F;article&#x2F;why-cuomo-leaving-wall-stre...</a><p>The tax is instantly rebated since 1981 (thanks, Reagan-era politicians!), so no money around this tax ever changes hands.  It seems like it could be an interesting place to start looking as a model for a federal-level tax on financial trading.