Finance holds another meeting on bank tax

The chief goal of the meeting is to turn into legislation President Barack ObamaBarack Hussein ObamaOvernight Energy: Dems ask Pruitt to justify first-class travel | Obama EPA chief says reg rollback won't stand | Ex-adviser expects Trump to eventually rejoin Paris accord Overnight Regulation: Trump to take steps to ban bump stocks | Trump eases rules on insurance sold outside of ObamaCare | FCC to officially rescind net neutrality Thursday | Obama EPA chief: Reg rollback won't stand Ex-US ambassador: Mueller is the one who is tough on Russia MORE's call for a tax on banks that engage in risky behavior. It's unclear what shape the tax would take, though staff have talked about a tax that would be applied to a bank's income, lobbyists and staffers said.

A similar meeting took place in March and produced very little.  

At that meeting, financial executives seriously questioned the effectiveness of tax and warned it might create other headaches. They also asked about the underlying policy goal behind the initiative since, at least publicly, it seemed to punish firms from the recent collapse of the financial markets.