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Domestic Taxes

Geithner: A bank tax based on profit would be less effective

by Jay Heflin - 05/04/10 4:07 PM ET
by Jay Heflin - 05/04/10 4:07 PM ET

Obama’s proposal essentially places a tax on larger financial firms whose portfolios regulators determine are too risky. 

House tax-writers are supposedly looking to base their bank tax on profits, according to Senate Finance Chairman Max Baucus (D-Mont.).

Tags Max Baucus

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