Authors:

  • Mark Roe

Excerpt

A Smarter Way to Tax Big Banks. Mark Roe, February 1, 2015, Opinion. "President Obama has reanimated the idea of taxing the debt of big banks to help stabilize the banking industry and prevent future financial crises. The administration argues that the new tax would discourage banks from taking on too much risk by making it 'more costly for the biggest financial firms to finance their activities with excessive borrowing.' The president’s bank tax is unlikely to gain traction in the new Congress, following the failure of similar proposals from the administration in 2010 and last year from former House Ways and Means Chairman Dave Camp...” Link