{"id":535542,"date":"2010-04-20T14:25:16","date_gmt":"2010-04-20T18:25:16","guid":{"rendered":"http:\/\/washingtonindependent.com\/?p=82798"},"modified":"2010-04-20T14:25:16","modified_gmt":"2010-04-20T18:25:16","slug":"schumer-pushes-bank-tax","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/535542","title":{"rendered":"Schumer Pushes Bank Tax"},"content":{"rendered":"<p>Financial regulatory reform uses multiple complex provisions to force banks to raise capital and lower risk. Today, Sen. Charles Schumer (D-N.Y.) offered his support for a blunter instrument: a <a href=\"http:\/\/www.nytimes.com\/aponline\/2010\/04\/20\/us\/politics\/AP-US-Bank-Tax.html\">bank tax<\/a>.<\/p>\n<p>&#8220;I think the administration&#8217;s proposal is a common-sense way to make sure that money should be repaid, and I believe it should be included in financial reform legislation to be considered on the Senate floor,&#8221; Schumer said today at a Senate Finance Committee <a href=\"http:\/\/finance.senate.gov\/hearings\/hearing\/?id=bc66e07e-5056-a032-5230-8f0a007f3611\">hearing<\/a>.<span id=\"more-82798\"><\/span><\/p>\n<p>In January, President Obama proposed taxing big banks&#8217; profits at 0.15 percent, both to pay for the multi-billion dollar cost of bailouts and to deter risk-taking. Today, Sen. Max Baucus (D-Mont.), the head of the Senate Finance Committee, said he would hold hearings on the proposal. But Sen. Chris Dodd (D-Conn.) has <a href=\"http:\/\/online.wsj.com\/article\/BT-CO-20100420-713084.html?mod=WSJ_latestheadlines\">thrown water<\/a> on the idea of attaching the bank tax to the broader financial regulatory reform bill due to be taken up next week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial regulatory reform uses multiple complex provisions to force banks to raise capital and lower risk. Today, Sen. Charles Schumer (D-N.Y.) offered his support for a blunter instrument: a bank tax. &#8220;I think the administration&#8217;s proposal is a common-sense way to make sure that money should be repaid, and I believe it should be included [&hellip;]<\/p>\n","protected":false},"author":6662,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-535542","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/535542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6662"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=535542"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/535542\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=535542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=535542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=535542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}