In the Media | April 2015

Warren Says Banks Should Face Bigger Tax Burden to Balance Risks

By Jesse Hamilton and Silla Brush
Chicago Tribune, April 15, 2015. All Rights Reserved.

Wall Street banks and their top executives should face new tax penalties to keep them from engaging in risky practices that can pose threats to the financial system, Sen. Elizabeth Warren said Wednesday.

Warren, who has been a leading defender of the Dodd-Frank Act, called on the Republican-led Congress to relent from attacks on the 2010 law and close a tax loophole that she said encourages bank chief executive officers to seek quick gains.


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Working Paper No. 1024
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Author(s): Nitin Nair
July 2023

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