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Pelosi hints bank tax may not be in financial reform

By Jay Heflin - 04/22/10 05:02 PM ET

Speaker Nancy Pelosi (D-Calif.) on Thursday alluded that the bank tax being discussed by congressional tax writers may not end up in the financial reform bill since its revenue generating prowess could be better used elsewhere. 

The tax could raise as much as $90 billion.

"We have an agenda for job creation, investment in the education of our children and the rest that will require some payfors," she told reporters. 

Tax writers in Senate Finance and Ways and Means are trying to put into law a pledge by President Obama to tax banks that take extraordinary risks. 

Lobbyists tell The Hill that it has been difficult for staffers to make the president's promise a reality since they are unsure on how the tax should be structured. 


Source:
http://thehill.com/blogs/on-the-money/domestic-taxes/93883-pelosi-hints-bank-tax-may-not-be-in-financial-reform

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