By Jeanne Sahadi, senior writerJanuary 17, 2010: 2:01 PM ET
NEW YORK (CNNMoney.com) — Everybody’s angry at banks. Federal deficits are wide and need addressing. And the president and Congress are starting to map out next year’s budget.
That means they’re talking taxes in Washington. The capital is awash in proposals for how to raise revenue and score political points.
There’s no guarantee all of them – or even some – will pass.
But they are an indication of the direction the White House and Congress may go as they finalize decisions for how to pay for health reform, reduce debt, support other government efforts and garner votes in a mid-term election year.
President Obama on Thursday called on Congress to recoup any federal bailout money that hasn’t been repaid by imposing a fee on large banks, even if they themselves haven’t taken bailout money, or if they’ve repaid the bailout money they did take. Continue reading “Taxorama: 7 changes on the docket” »
Tags: 2010, Alternative Minimum Tax, bailout, banks, Congress, Finance, income tax, law, Medicare, Wall Street
