Sources: Tax unconstitutional if it singles out Wall St. banks Jan. 18. 2010 — -- Just days after President Obama unveiled a new tax on the country's biggest banks, Wall Street is already ...
WASHINGTON (CN) - Treasury Secretary Timothy Geithner defended President Obama's proposed bank tax in a Senate Finance Committee hearing Tuesday, assuring a handful of doubtful Republican senators ...
Camp’s bank tax was being attacked even before it was unveiled. The financial industry got wind of the Ways and Means chair’s intention just before the plan was released and began to mobilize against ...
The banking lobby plans to object to the Obama administration's bank tax proposal on the grounds that it is unconstitutional. We don't hate this tax proposal. But we cannot avoid coming to the ...
A financial crisis responsibility tax would be levied on roughly 50 big banks. WASHINGTON <br/> Jan. 14, 2010 — -- After days of speculation, the president today confirmed reports that the ...
Tim Fernholz links to the official government factsheet on the bank tax, which gives a lot more detail on how it’s structured. One thing that jumped out at me is that something along these lines is ...
Way back in January of 2010, during his short-lived “fat cat” bashing phase, Obama proposed a tax on the nation’s largest financial institutions with the stated intent of recouping taxpayer losses ...
Barclays has become the latest banking giant to send a firm warning to Rachel Reeves to avoid bank tax hike as the Chancellor scrambles to maintain her wafer-thin fiscal headroom. The FTSE 100 giant’s ...
Last week the Obama administration announced a plan to impose significant new taxes on banks. It was high political drama. The stern-faced president was flanked by his scowling Treasury Secretary, Tim ...
(Note: this is the single page version. For an easier to read paginated version, click here.) When it was reported that a lawyer for the banking lobby planned to challenge the bank tax recently ...
The financial regulation bill before the Senate has the potential to do a lot of good. But it also has at least one major flaw: it would not do enough to prevent taxpayers from paying the bill for a ...
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