James Pethokoukis

U.S. bank tax surprisingly isn’t dead on arrival

January 14, 2010

– James Pethokoukis is a Reuters Breakingviews columnist. The opinions expressed are his own. –

My chat with Nicole Gelinas, part one

January 14, 2010

I recent sent a few email questions to Nicole Gelinas, author of the phenomenal must-read, must-own  After the Fall: Saving Capitalism from Wall Street and Washington.  Her answers were so thorough and valuable that I could not bring myself to cut them much. So I am running a question or two a day for the next several days. Enjoy!

Taxing investments to pay for healthcare reform is a bad idea

January 14, 2010

Labor unions are balking at President Barack Obama’s move to pay for healthcare reform by taxing their gold-plated health benefits. So Democrats are considering also taxing investment income. Not only would that approach make reform more costly and potentially worsen the U.S. fiscal deficit, it could politically doom the whole plan.

Gelinas on the bank tax

January 14, 2010

The great Nicole Gelinas on the bank tax (I have Q&A coming up with her late, BTW):

Latest on Obama bank tax

January 14, 2010

The U.S. bank tax isn’t dead on arrival, amazingly. Congress, particularly the Senate, has been a graveyard for punitive financial reform. And banks are betting the new levy will suffer a similar fate. Don’t count it. A clever design, along with a determined White House push, means Wall Street may have to pay up. A few more points: