tax

(Newser) - Wall Street’s main lobbying firm has hired a big-time Supreme Court litigator to look into bringing a federal case against the Obama administration’s proposed big-bank tax, arguing that it is unconstitutional. The group sent an email to legal departments across Wall Street saying that the tax could be...

(Newser) - Barack Obama will propose a new tax on Wall Street’s biggest banks today, in an effort to recoup losses from the bailout, give smaller banks a boost against the behemoths, and curb the excessive risk-taking that caused the financial melt-down. The firms, 50 big-time banks, insurers and traders, would...

(Newser) - The Obama administration will likely include a provision in next month’s budget that imposes fees on banks in an effort to make back some of the taxpayer money lost on the bailout and close the record deficit. Politico has it that a transaction tax is not on the table;...