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| Tax on Banks Proposed (You Saw it Coming) Posted by Michael E. Marotta on 1/14, 5:03pm | ||
| Firms could be subject to the fee even if they never took TARP funds or if they took TARP funds but repaid them. That's because all major financial institutions benefited directly and indirectly from the efforts to stabilize the financial system, according to the administration. If the fee ends up raising more money than is needed to fully repay the bailout money, the additional funds would be used to help improve the U.S. fiscal position, which was worsened by the crisis, the senior administration official said. http://money.cnn.com/2010/01/14/news/economy/bailout_tax/index.htm | ||
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