On the recordJuly 12, 2011
That is a systemic risk. That is pollution. That is a negative externality you should be taxing on.
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congress.govThat is a systemic risk. That is pollution. That is a negative externality you should be taxing on.
Johnson emphasizes the need to tax systemic risks in finance.
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We are gonna put that on the floor for [a] full vote next week, soon as we get back.
I think that was way out of line. I don't think that was a smart thing… and the House is going to reverse -- we are going to repeal that.