Published reports indicate that Sen. Scott Brown (R-Mass.) is now a "nay" on the financial regulation bill, thanks to the new "bank tax" it contains.

This now means that the conference committee must be re-convened, and the harmful new taxes and regulations which Congress was on the verge of passing have been delayed at worst, and defeated at best.

ATR would like to applaud Scott Brown for opposing this bill over the "bank tax."  It was imposed behind closed doors in the middle of the night, and negotiators hoped to sneak it through Congress during a very busy news week.

Scott Brown deserves a lot of credit for standing up to the pressure and saying "no" to higher taxes on every bank customer in America.