Lawmakers sharply criticized the Obama administration's proposed bank tax on Tuesday, telling Treasury Secretary Tim Geithner it is unfair and counterproductive.
Sen. Jon Kyl, R-Ariz., asked why banks that did not get Troubled Asset Relief Program funds would be hit by the tax, which would apply to financial services companies with more than $50 billion of assets, and why banks that have repaid their Tarp funding would still be targeted.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access