In the News: Obama Proposes Bank Tax for Consumers

By: Tiffani Haynes

Today, President Barack Obama spoke about his proposed plan to tax major banks to recoup money for consumers.

Obama has called those banks who previously needed a bailout and are now back to giving bonuses “distasteful.” With this plan those that received bailouts, and even some that didn’t, will be charged .15 percent tax. According to Obama’s proposal, $90 billion over a 10-year period, money he wants to give back to the consumers.

Obama addressed the issue in his weekly Internet message.

 Though he is already facing opposition from Republicans and banks, Obama is sure the plan will pass in Congress. He stated that it was time to get the taxpayer’s money back from helping banks who are clearly now longer in distress.

“We want the taxpayers’ money back, and we’re going to collect every dime,” Obama said.

Get ’em, Mr. President!

Advertisements

Leave a comment

No comments yet.

Comments RSS

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s