Obama’s $110 Billion Bank Tax Would Hurt Economy, Sifma Says

Jesse Westbrook

Wall Street’s top lobbying group said President Barack Obama’s plan to raise $110 billion over the next decade through a new tax on financial companies could stifle economic growth and make banks less likely to lend.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.

Read this article on the Terminal Request a demo to learn more

You might like:
  1. Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market
  2. Germans Are Going Wild for a Show Set During the Dawn of the Nazis
  3. Greenwich Mansion Listings Pulled to Wait for a Better Day
  4. The U.K.'s $86 Billion Pension Problem Is About to Solve Itself
  5. U.S. Stocks Climb With Treasuries as Dollar Slides: Markets Wrap