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The Financial Crisis Responsibility Fee was a bank tax proposed by U.S. President Barack Obama in January 2010, [1] to apply to financial firms with $50 billion (~$68.2 billion in 2023) or more in consolidated assets.
House – $13 billion to extend tax credits for renewable energy production. Senate – Same. Conference – Extension is to 2014. Repeal bank credit House – Repeal a Treasury provision that allowed firms that buy money-losing banks to use more of the losses as tax credits to offset the profits of the merged banks for tax purposes.
A bank tax, or a bank levy, is a tax on banks which was discussed in the context of the financial crisis of 2007–08.The bank tax is levied on the capital at risk of financial institutions, excluding federally insured deposits, with the aim of discouraging banks from taking unnecessary risks.
The White House is poised to propose a $90 billion tax on big banks to recoup losses from the Troubled Asset Recovery Program (TARP). After all the repayments banks have to make under TARP's ...
By some measures, the U.S. government has already made a tidy profit on a part of its TARP investment in the financial industry. Of a total of around $364 billion invested so far, the U.S ...
The biggest question many investors are asking about President Obama's compromise tax cut deal is how it will benefit the economy. But if those investors are hoping for a consensus answer from the ...
Obama presents his first weekly address as President of the United States on January 24, 2009, discussing the American Recovery and Reinvestment Act of 2009 Job Growth by U.S. president, measured as cumulative percentage change from month after inauguration to end of term. 2016 was the first year U.S. real (inflation-adjusted) median household income surpassed 1999 levels.
The Dow Jones Industrial Average suffered a second straight day of triple-digit losses as investors reacted with trepidation to President Barack Obama's initial proposal to reform financial ...