Republican Proposal Would Tax Largest BanksMark Melin
In a surprising turnaround, the largest U.S. banks appear to be in the slightly shaky crosshairs of Republicans, who are proposing a 3.5 percent tax on banks with assets exceeding $500 billion.
The proposal from Representative Dave Camp (R-MI), chairman of the House Ways and Means Committee, first reported in Bloomberg News, would raise taxes . . .
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