President Obama is expected to announce a plan tomorrow to impose fees on U.S. financial firms, in an effort to recover shortfalls from government bailouts of banks and other companies.
Many of the firms that received bailout money are once again making huge profits.
The idea of fees and taxes on them is common in other countries. Britain and France are imposing some hefty, one-time taxes on bankers’ bonuses.
For more on how the U.S. government intends to impose these taxes, Daljit Dhaliwal interviews Andrew Clark, U.S. business correspondent for The Guardian.
Should the U.S. follow other governments in imposing big taxes on bankers’ bonuses?
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