{"id":5818,"date":"2010-01-14T13:23:42","date_gmt":"2010-01-14T11:23:42","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=5818"},"modified":"2010-01-14T13:25:48","modified_gmt":"2010-01-14T11:25:48","slug":"ftcom-financials-us-banking-levy-expected-to-raise-90bn","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/01\/14\/ftcom-financials-us-banking-levy-expected-to-raise-90bn\/","title":{"rendered":"US banking levy expected to raise $90bn"},"content":{"rendered":"<p><a href=\"http:\/\/www.ft.com\/cms\/s\/0\/31a0f9f2-00a1-11df-ae8d-00144feabdc0.html\">FT.com \/ Financials - US banking levy expected to raise $90bn <\/a>.<\/p>\n<p>The FT has reported:<\/p>\n<blockquote><p>President Barack Obama will announce on Thursday a sweeping levy on about 50 financial institutions that will raise an estimated $90bn to reduce the federal debt.<\/p>\n<p>The &ldquo;financial crisis responsibility fee\" will hit investment banks such as Goldman Sachs particularly hard because insured deposits, the main funding mechanism of retail and commercial banks, are exempt from the charge that is levied on other liabilities.<\/p><\/blockquote>\n<div id=\"floating-con\">\n<div class=\"nav-collection clearfix\">\n<h3 class=\"section\"><span style=\"font-weight: normal; font-size: 13px;\">As they also note:<\/span><\/h3>\n<blockquote>\n<h3 class=\"section\"><span style=\"font-weight: normal; font-size: 13px;\">Congress is likely to weigh in on the administration&rsquo;s proposal<\/span><\/h3>\n<\/blockquote>\n<p><span style=\"font-weight: normal; font-size: 13px;\">and <\/span><\/div>\n<\/div>\n<blockquote><p>The timing \u2014 in the week that banks are set to announce billions of dollars in bonus pay-outs \u2014 is widely seen as an attempt to assuage public anger at the industry whose compensation is frequently held up in stark contrast to the high unemployment rate in the rest of the economy.<\/p><\/blockquote>\n<p>Good news.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FT.com \/ Financials &#8211; US banking levy expected to raise $90bn . The FT has reported: President Barack Obama will announce on Thursday a sweeping<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/01\/14\/ftcom-financials-us-banking-levy-expected-to-raise-90bn\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,75],"tags":[],"class_list":["post-5818","post","type-post","status-publish","format-standard","hentry","category-banking","category-usa"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/5818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=5818"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/5818\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=5818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=5818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=5818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}