The Blog

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

12:50 PM, Jun 29, 2010 • By JOHN MCCORMACK
Widget tooltip
Single Page Print Larger Text Smaller Text Alerts

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.

Recent Blog Posts

The Weekly Standard Archives

Browse 18 Years of the Weekly Standard

Old covers