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Post by bot on Feb 9, 2016 20:36:30 GMT -5
White House again proposing fee on big institutions
WASHINGTON (MarketWatch) -- For the second year, the White House is proposing a tax on the biggest financial institutions. The White House, in its budget proposal released Tuesday, said it would raise $111 billion over 10 years by imposing a seven-basis point fee on the liabilities of largest U.S. firms, which have assets over $50 billion. The proposal faces little chance of being enacted in the Republican-controlled Congress
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