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Economy
Obama Calls For A Bank Tax... "For Reform"
2010-06-26
Thieving Fucking Bastards
President Barack Obama, fresh from a win on a sweeping overhaul of Wall Street regulations, on Saturday urged Congress to take up his proposal for a $90 billion, 10-year tax on banks as the next step in reform.

Obama wants to slap a 0.15 percent tax on the liabilities of the biggest U.S. financial institutions to recoup the costs to taxpayers of the financial bailout.

"We need to impose a fee on the banks that were the biggest beneficiaries of taxpayer assistance at the height of our financial crisis -- so we can recover every dime of taxpayer money," Obama said in his weekly radio and Internet address.
Posted by:Frank G

#6  of course....the top line is my own personal opinion and should've been highlighted

I dunno Frank. I think it should be part of the article.
Posted by: gorb   2010-06-26 23:29  

#5  Taxing corporations is MUCH better than taxing people:

Taxing people - voters get pissed off at President / Congress.

Taxing corporations - company passes tax along to people as higher price or fee, people get pissed off at corporation.

See much better - (if you're a weaselly politician)
Posted by: DMFD   2010-06-26 19:40  

#4  By the way, corporations of any kind don't pay taxes, their customers do. NoMoreBS

I have never been able to figure why so many people fail to undertand this FACT!
Posted by: Besoeker   2010-06-26 18:27  

#3  Is this on top of the $19 billion in fees that the new financial reform bill headed to Oblahblah's desk contains?
By the way, corporations of any kind don't pay taxes, their customers do. So sh*thead just taxed you again America. How's that change working for you? Clearly the hope has dissipated!
Posted by: NoMoreBS   2010-06-26 18:17  

#2  Thieving Fucking Bastards

Yes, but which? The $700B TARP eating banks or the Obama admin who are here to help you?
Posted by: ed   2010-06-26 17:04  

#1  of course....the top line is my own personal opinion and should've been highlighted

Fixed.
Posted by: Frank G   2010-06-26 16:55  

00:00