WSJ NEWS ALERT: U.S. Bank Tax Would Force 50 Banks to Pay $90 Billion Over 10 Years

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Hawaii Reporter
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A new tax proposed by the White House — called a “financial crisis responsibility fee” — would force about 50 banks, insurance companies and large broker-dealers to collectively pay the federal government roughly $90 billion over 10 years, White House officials said. Of the 50, about 35 would be U.S. companies and 10 to 15 would be U.S. subsidiaries of foreign financial firms.

https://online.wsj.com/article/SB10001424052748704281204575002502656839716.html?mod=djemalertNEWS

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