[StBernard] STATEMENT FROM RNC CHAIRMAN MICHAEL STEELE ON PRESIDENT OBAMA BANK FEE

[Westley Annis]

STATEMENT FROM RNC CHAIRMAN MICHAEL STEELE ON PRESIDENT OBAMA BANK FEE
 
WASHINGTON - Republican National Committee (RNC) Chairman Michael Steele
released the following statement today:
 
"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."
  
###