Senate Finance Committee Chairman Ron Wyden, D-Ore., has pro...

Senate Finance Committee Chairman Ron Wyden, D-Ore., has proposed a new tax on exchange-traded funds to help pay for the Democrats’ $3.5 trillion budget plan. The measure aims to stop wealthy investors and companies from skirting capital gains taxes on “in-kind” transactions. However, industry opponents say the plan may hurt millions of everyday investors. $Nasdaq Composite Index(.IXIC.US)$ #tax