Democratic lawmakers cast doubt on a bank tax to recoup losses

07/28/2010 | Hill, The

Senate Finance Committee Chairman Max Baucus, D-Mont., and Senate Majority Whip Dick Durbin, D-Ill., said that a bank tax for recouping the cost of the rescue of the financial system is unlikely. "You still have a lot of outstanding pieces of business here, and some of them are being held up because of lack of pay-fors, you know, so I wouldn't rule anything out completely," Mr. Durbin said. "But I think it's becoming more remote as the session comes to an end."

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Hill, The

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