Scott Garrett Rails Against Obama Bank Tax on CNBC

[esj8341]

@nutclaw

As do all Corporations, banks pay taxes. The average corporate tax rate in America is 39.4%.  Source The Tax Foundation.

[StockMarketVideo]

GREAT VIDEO! Thanks for sharing!

Happy Trading!

[mrdagangaman]

im actually all for the bank tax.. i would love to see more money go to our gov.

[esj8341]

If you would like to see more money go to the government, you would be OPPOSED to an increase rate of tax levied against banks. A bank tax results in less available credit. It also hurts consumers because banks pass on higher fees by raising fees, reducing dividends, and or cutting employees.

[Urbania05]

actually we can undo the past you old dem. gasbag... it's called the mid-term election... and it doesn't look good for you all... sorry.

[WGS669]

Congressman, a 15 basis point increase in the borrowing cost at some investment banks will neither cripple nor save the economy. If the Fed raised interest rates by 15 bp for everyone, would you be as concerned? Would Kanjorsky? If 15 basis points of extra borrowing cost at a few banks can make such a big difference in our economy (or to federal debt), consider what power you jokers have given to the central bank.