Republican National Committee Chairman Michael Steele released a statement today on President Obama’s plan to impose a Financial Crisis Responsibility Fee on major banks that received financial assistance from the federal government. Here’s the full text:
“President Obama’s plans to institute a ‘financial crisis responsibility fee’ to recoup the bailout funds from major banks is nothing more than another tax on the American public. The fact is this money has already been paid back by the banks and this punitive tax will hurt Americans’ savings and discourage job creation at the worse of economic times. However, it will fatten the wallets of Democrats on Capitol Hill by $90 billion over the next ten years. President Obama and Congressional Democrats are taxing banks for the same reason Willie Sutton robbed them – because that’s where the money is, and they desperately need these funds to finance their runaway binge spending for their liberal agenda.”
