Huffington Post: Republicans Against Taxing Banks To Recoup TARP

Jan 14th, 2010 | By | Category: Around The Web

President Obama is preparing a tax on the major banks to make them repay the money the government spent to keep them from going bankrupt.  The president is using his authority to make sure the “Troubled Asset Relief Program does not add to the deficit or national debt.”  Republicans and Michael Steele are siding with the wall street bankers saying, “the fact is this money has already been paid back by the banks and this punitive tax will hurt Americans’ savings and discourage job creation at the worst of economic times.”

[Read More]

Tags: , ,

Leave Comment