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Scott Brown Will Vote "No" on Financial Regulation Bill (Update: Bill Back to Conference)

12:50 PM, Jun 29, 2010 • By JOHN MCCORMACK
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Scott Brown writes in a letter to Chris Dodd and Barney Frank:

I am writing you to express my strong opposition to the $19 billion bank tax that was included in the financial reform bill during the conference committee. This tax was not in the Senate version of the bill, which I supported. If the final version of this bill contains these higher taxes, I will not support it.

More on the $19 billion tax here.

Update: Congress is going to try to scrap the tax. A Senate aide tells Daniel Foster:

It appears the conference will be reopened, possibly as early as this afternoon, to look at an “alternative” funding mechanism.

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