Mass Senate Hopeful Blasts Obama's Plan To Tax Banks

QUINCY, Mass. (AP) -- Massachusetts GOP Senate hopeful Scott Brown is criticizing the White House plan to tax banks that received federal bailout money.

At a rally in a Boston suburb, Brown said the tax would be passed on to ordinary consumers through higher service and ATM fees. President Barack Obama says banks are paying out big bonuses now so they also can afford to pay the tax.

Brown's Democratic opponent in the U.S. Senate race Tuesday, Martha Coakley, supports the bank tax. Brown told supporters it was one of taxes she would impose if she's elected to succeed the late Senator Ted Kennedy.

Brown appeared before supporters with former Republican Gov. Bill Weld. Weld endorsed Obama during the 2008 presidential campaign.

Polls show a tight race just three days before the special election.

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  • by Uncle Buck Location: ENC on Jan 19, 2010 at 08:02 AM
    He is a HOPEFUL and will say what ever you want to hear to be elected!
  • by ace Location: plymouth on Jan 19, 2010 at 08:00 AM
    What is Obama thinking? If you take away the profit margin then there is less money to give to the CEO. Do what this idiot wants and pass the cost onto the tax payers who bailed the banks out to start with. Lets give the CEO's all the money and we can work for free. You can bet people will vote for this moron
  • by US citizen for now Location: Washington on Jan 18, 2010 at 01:23 PM
    Obama at least knows exactly how to dismantle a country. Oh & one more thing, he does know how to lie consistently. Taxing our banks heavily will make it harder for businesses & individuals to get loans, loans which in turn create jobs and increased cash flow within our economy. How ridiculous. Obama is just pulling out another leg under the table relating to our welfare as a thriving nation. Tax the banks & citizens so we can't grow & flourish. I hope the Senate Blasts more than his sadistic plan. Impeach Obama now!!!
  • by Obama Snake Oil Co Location: Washington on Jan 17, 2010 at 07:35 AM
    Well, thanks, Data man, I am so glad I am getting under your skin by laying out truth. You know, the think Obama cannot tell? Again, I remind you brother, I am registered democrat. I vote for only qualified candidates who will help the country. I just don't like socialist, big talking, liars like Obama who have no idea what to do. He has to defer to George Soros, his leader, for that. I see you in the future...driving around with old cars that won't start, no gas, and an Obama bumper, faded, due to his lies and all the spending he did. You paying 50% in taxes for lousey healthcare....The man of change, left you with....change alright.....just enough to buy one more packet of koolaid...
  • by B Location: NC on Jan 17, 2010 at 06:33 AM
    What, your making a profit! I want some too! You know profit is a bad thing now! If anybody is making money it upsets the dems..
  • by Data Man on Jan 16, 2010 at 07:37 PM
    Obama Snake oil is the only stupid thing about this post! I bet you dont have a nickel in your pocket and you are supporting all of this rich people who are not only ripping you off but everyone else. You are so dump. But that is typical for the average poor eastern NC republican. They dont have anything, drive around in cars that will rarely start and have a republican bumber sticker in your window. You sick poor republicans think that money will fall in your hand one day for some reason. Stop being so darn stupid!!
  • by Anonymous on Jan 16, 2010 at 07:36 PM
    Oba does not care how this will affect the people. As long as the government has their hands into something else, government takeover on the way.
  • by Obama Snake Oil Co Location: Washington on Jan 16, 2010 at 02:54 PM
    Gosh, Obama needs to take if easy on the snake oil, if he thinks this is punishment, yea, the borrowers will pay. Surely, he cannot be that stupid......right?
  • by Del Location: Kinsto on Jan 16, 2010 at 10:50 AM
    Typical stance by the Greedy Obnoxious People party.They complain because the banks were given money and now complain when the government want them to pay it back and not give it away in bonus payments.The GOP are still the party of big corporations and not the people.If a bank passes on the tax then penalise them and also the people can pull their money out of banks they feel are overcharging them.Once again the GOP wants to run with the fox and hunt with the hounds.

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