Thursday, January 14, 2010

Obama to raise $90B with new financial fee

President Barack Obama intends to raise $90 billion over the next decade through a special fee on the largest financial firms.

Read more:

(and duh... who's going to be expected to fund that special fee??? yep, hold onto your wallets... guess we'll all be keeping our money under our mattresses and bartering for goods if Obama gets his way...)

Obama administration proposes tax hike on financial firms to recoup cost of bailout
President Obama on Thursday proposed a sharp increase in the taxes paid by the nation's largest financial institutions designed to raise $90 billion over the next decade while constraining the industry's ability to take large risks and reap outsize rewards.

No comments: