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Friday, January 15, 2010

Obama Bank Tax Plan Gets Kudos and Jeers

“While President Barack Obama counts on the populist appeal of a plan to tax the biggest financial firms, his idea already is being buffeted by political headwinds. Many Democrats remained silent about the plan Obama announced yesterday. Others, such as Senate Finance Committee Chairman Max Baucus of Montana, were noncommittal in their reaction. And some of Obama’s fellow Democrats expressed opposition.” (Business Week, Friday)

Counting on the public’s economic illiteracy.

FEE Timely Classic
“The Hidden Cost of Taxation” by Dwight R. Lee