The Congressional Budget Office today said a proposal by the Obama administration to levy a "tax" on banks would ultimately be "borne to varying degrees by an institution's customers, employees, and investors," according to ABC News.
David Littmann, the Center's senior economist, explained why the idea was faulty way back in January.
Get insightful commentary and the most reliable research on Michigan issues sent straight to your inbox.
The Mackinac Center for Public Policy is a nonprofit research and educational institute that advances the principles of free markets and limited government. Through our research and education programs, we challenge government overreach and advocate for a free-market approach to public policy that frees people to realize their potential and dreams.
Please consider contributing to our work to advance a freer and more prosperous state.