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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
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"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
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9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
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.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
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"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
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Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
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The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
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ATR Opposes "Bank Tax"
ATR President Grover Norquist today sent the following letter to the U.S. House and U.S. Senate:
As you continue to develop a conference report for legislation which seeks to impose new regulations on America’s financial sector, I especially wanted to object to a “bank tax” which reports indicate you may be considering.
According to legislative language made available to the public, this new “bank tax” would empower the FDIC to impose assessments on banks in order to make up for a shortfall in TARP repayments.
This would be both bad public policy, and unfair. It requires healthy, responsible banks to subsidize the irresponsibility of other institutions which have received bailout funds, but have not sufficiently reformed themselves to the point where these funds can be recouped for taxpayers. The capital and assets of these delinquent companies should pay for their debts to taxpayers, not the resources of totally-innocent third party banks.
Americans for Tax Reform views this “bank tax” as just that—a tax increase. The FDIC, which is a government agency, is compelling the payment of funds to the Treasury in order to meet general obligations. This is clearly a tax increase, and should be opposed by all Congressmen and Senators who claim to be on the side of taxpayers. Ultimately, the costs imposed by this new tax will be seen by the public in the form of higher fees, lower savings interest rates, and higher interest rates on mortgages and car loans.
Posted by Ryan Ellis 
on Tuesday, June 29, 2010 1:03 PM EDT
on Tuesday, June 29, 2010 1:03 PM EDTTo follow Ryan Ellis's RSS feed click here. To follow them on Twitter, their handle is @ryanlellis
