Treasury official unclear on how bank tax would work

Testifying before Senate Finance on creating a bank tax, Neil Barofsky, the Special Inspector General for the TARP, told the committee that he does not have enough information on the tax to say how it should be structured.  

""Once it's more fully formed and we're going to be responsible for overseeing it is sort of when we roll up our sleeves and dig into it," he said. "But we really haven't had the opportunity to fully analyze the proposal as it has been reported in the press." 

President Obama recently directed Congress to create a tax on banks to limit excessive risk taking. Sources told The Hill that staffers are bit confused on how to fulfill the directive. They say basic questions from staffers to the administration about how the tax should be structured remain unanswered.