Anyone care to bet as to weather we will actually see any of that money? Didn't think so.
A bank tax is no different from any other corporate tax in that it is not paid by the corporation, but by the corporations clients. I put my money in a bank because the bank pays me to let them use it. If O'Bama puts a new tax on banks, that will leave less money for the bank to pay me for the use of my money, which I've already paid taxes on, effectively double taxing my income.
There will also be less money available to be loaned to "the rich". You know, those people whose names appear on the bottom of your paycheck?
Wake up people! It's not a tax on banks, it's a tax on YOU!
An observation from the comments to the above article:
Speaking of owing us and getting are money back, how’s it going getting it back form GM? Any chance you recovered money you loaned General Motors?Maybe he's planning a special excise tax on Ford, Honda, and Toyota to cover this.