January 20, 2015

President Obama’s New Plan: Tax Hikes On The Wealthiest, Relief For The Middle Class

"To make matters even better, President Obama has taken a cue from Elizabeth Warren, his plan will also create a brand new tax which will be placed on the biggest financial institutions who partake in risky borrowing. The new tax will hopefully discourage such borrowing and will only be applied to roughly 100 banks that currently have assets of $50 billion or more (the same banks whose high risk borrowing led to the near collapse of our world economy)."