Rep. Levin could restructure bank tax
Still, the Chairman has yet to decide how he will structure the levy.
“There was no effort here to reach a conclusion,” he said.
It is also unclear on when he will produce a bill on the tax.
“There’s going to be further work on it in the next weeks,” he said. “We’ll see where it goes.”
Levin did allude that the tax would be used for deficit reduction instead of paying for future legislation.
“The administration made clear its position and that is it should be used for deficit reduction,” he said. “That’s how we left it.”
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