Democratic presidential candidate Joe Biden speaks at the Beech Woods Recreation Center in Southfield, Michigan on October 16, 2020.
Jim Watson | AFP | Getty Images
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If Biden wins, some analysts fear his government and a possible majority of blue lawmakers will enact a financial transactions tax that could affect trade and markets.
A financial transaction tax is a tax that is imposed on any financial security business, and Wall Street analysts tell clients that the outcome could affect trading volume, exchanges, and e-brokers.