Posted on 06/29/2010 11:25:19 AM PDT by AtlasStalled
Obama administration officials and Congressional leaders said Tuesday that the House and Senate would have to reopen the conference proceedings on a sweeping financial regulatory bill after Senator Scott Brown, Republican of Massachusetts, said he would oppose the final version because it contained a tax on big banks and hedge funds. * * * The need to reopen the conference negotiations, which could happen on Tuesday afternoon, suggested that Democrats were paying a slightly embarrassing price for rushing to meet President Obama’s request that the legislation be completed by the end of last week so that it could be signed and sent to his desk before the Fourth of July recess.
(Excerpt) Read more at nytimes.com ...
Therefore they will need 3, maybe 4 Repubs to come along.
Should be interesting.
Someone said on another thread that they may run into problems in the House if they pull the bank tax.
From Politico:
Wall Street reform conference reopens:
In an extraordinary move aimed at winning over reluctant Republican senators, the top Democratic negotiators on the Wall Street reform bill will reopen the conference committee Tuesday to swap out a controversial $19 billion tax on big banks, according to House and Senate aides. The unusual development points to deepening troubles for Democrats in their push to finish the bill before the July 4 recess
Read more: http://www.politico.com/news/stories/0610/39167.html#ixzz0sGihwNVQ
“Tax on big banks” = “B/S”
Big Banks = ALL banks
As Walter Williams says, corporations do NOT pay taxes. None, of any kind.
We do.
Once again, our fate hangs in the whims of a RINO. :(:(:(
....... another middle class tax ,,,, banks pass it on . Thanks again prez. bamster .
Brown IS THE ONLY ONE WHO SPOKE UP???
Hidden in the cost of the product.
Apparently so. Kerry’s best friend had the balls to do it. Scott Brown will be a force to be reckoned with in the future, mark my words.
“Brown IS THE ONLY ONE WHO SPOKE UP???”
Brown is the only one they cared about since he was the only one liable to vote for the final bill. Reid knew the other Republicans would not vote for it but Brown was one of the ones Reid was counting on to vote for it. If Brown said he would vote no, then Reid knew he didn’t have the votes to pass it.
Seems like the $19,000,000,000 tax is the main goal here.
The rest of it seems to be fluff.
Dims are going to pass this new tax in a depression.
That will fix things allright.
I doubt he cared. His big bank constituents centered in Boston probably gave him an earful. Check out banks in Boston.
Senator Scott Brown, Republican of Massachusetts, said he would oppose the final version because it contained a tax on big banks and hedge funds.Thanks AtlasStalled.
Brown will be our new Presidential candidate. Absolutely!! Red pick up—pragmatist. Wants to close the border. He will beat Hillary as the blacks riot in the demorat party. We have a real chance with SCOTT BROWN. We won’t win with a woman and we need a man in these troubled times.
I would love to blast the Repub senators & congress critters and tell them to vote NAY on this piece of crap, unless it contains a vast overhaul of Fannie Mae & Freddie Mac as well as a complete repeal of the Community Reinvestment Act debacle which led to the housing mortgage crisis....and of course the RATs fingerprints all over the crisis as well.
Second point is that I received an email request from Scott Brown for campaign donations, and I called their office in MA and read them the riot act, specifically on Scott Brown's vote in favor of this Wall St Reform bill earlier. They said he now opposed the bill, but in all likelihood, it will take nothing more than an afternoon spent schmoozing with the commie pig 0b0z0, chief usurper-in-crap, for Scott Brown to fold like a wet paper bag. I would no longer trust this RINO than I would Snowe, Collins, Grahmnesty, or McPain.
Scott Brown is a Rino through & through, and just LOVES the special attention that he is receiving from 0b0z0, along with his new best friends John E'ffn Kerry and Bwarney Faggot Frank.
He will fold & capitulate once again on this demoRAT takeovoer bill, as soon as 0b0z0 & the corrupt demoRATs increase the bribes or payoff to Scott Brown.
Scott Brown wouldn't be elected as a senator right now, after already dissing the TEA party members and conservatives who supported him on Jan 19 as well the tremendous financial support he received from TEA party members & conservatives throughout the nation. Scott Brown is good for votes in favor of the Repubs, until it comes time for a really crucial vote. We will see whether his opposition to the bill remains opposed. He voted in favor of it a couple weeks ago after he received some special favors for MA banks & insurance companies.... it's only a matter of time before he folds & betrays us again on this bill.
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