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June 30, 2010

Dems Remove $17.9B Bank Tax from Financial Overhaul
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Large Wall Street firms have scored a key victory on Capitol Hill with
the removal of a major tax from the financial reform bill. On Tuesday,
Democrats stripped the $17.9 billion dollar fee on large financial
institutions as part of efforts to win the support Republican Senator
Scott Brown of Massachusetts. Democrats are scrambling to win Brown’s
support following the death of Democratic Senator Robert Byrd of West
Virginia. Byrd’s death has left Democrats one vote short of the sixty
needed to overcome a Republican filibuster.



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