Kenneth E. Bentsen Jr., executive vice president at SIFMA, applauds the Wall Street Journal's editorial "Obama Vetoes a Carbon Tax -- in Europe" in this letter to the editor. Bentsen writes that President Barack Obama should take the same approach to a European tax on financial transactions. "We believe the president should also take the same approach to European efforts -- particularly France -- to impose its domestic financial transaction tax (FTT) extraterritorially to U.S.-based transactions," Bentsen writes.

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