Jennifer Liberto of CNNMoney.com says that the the White House is considering a new tax
… on financial institutions to ensure that taxpayers who bailed out banks get paid back, a senior administration official said Monday.
Robert Gibbs, the White House press secretary, would not discuss how a possible bank fee would fit into Obama’s fiscal year 2011 budget, which is set to be released next month. “When it comes back from Kinko’s, we’ll be able to talk about it,” he said.
But Gibbs said it is the president’s “goal” to ensure the “money that taxpayers put up will be paid back in full.”
If the bank tax becomes law, is there any doubt that banks will increase fees and charges in order to recoup the cost from their middle-class customers?
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3 responses so far ↓
1 Is the Bank Tax Unconstitutional? // Jan 18, 2010 at 5:44 pm
[...] New York Times reports that the banking industry is not taking the proposal of a special bank tax lying down: Wall Street’s main lobbying arm has hired a top Supreme Court litigator to study a [...]
2 The Bank Tax is Called the F_ C_ _R Fee // Jan 23, 2010 at 2:51 pm
[...] Bank Tax? Bookmark & Share: [...]
3 Obama on Taxes // Jan 28, 2010 at 1:31 am
[...] Bank Tax? [...]
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