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President Barack Obama will propose a special 10-year fee on large financial companies to repay taxpayers for the extraordinary assistance they got to keep the economy from collapsing in late 2008, a senior administration official said Wednesday.
Obama is expected to announce his proposal Thursday morning.
The assessment on excess liabilities at big firms is designed to raise about $90 billion over 10 years. It would remain in place for at least 10 years, or until all losses from the Troubled Asset Relief Program were repaid. |
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