“House Ways and Means Committee Chairman Dave Camp (R-Mich.) is considering legislation that would significantly increase taxes for the nation’s largest banks while providing tax breaks to struggling homeowners.
The draft legislation, which may get significant revision before it’s presented to a congressional committee, would be vehemently opposed by Wall Street and other major corporations that trade heavily in derivative securities.”*
It’s almost unbelievable– Republicans, the party of obstructionism, wants to take on big bank CEOS. Why? Are Democrats now the party of corporations and not the middle class? Will this actually pass? Cenk Uygur breaks it down.
*Read more from Ryan Grim and Zach Carter/ Huffington Post:
Support The Young Turks by Subscribing http://bit.ly/TYTonYouTube
Like Us on Facebook:
Follow Us on Twitter: http://bit.ly/OkX87X
Buy TYT Merch: http://theyoungturks.spreadshirt.com/