Democrats dump bank bill's fee to woo Republicans

-Yet another example of how wonderful bi-partisanship works to improve and strengthen legislation- BBI


Lawmakers dump bank bill's fee to woo GOP
House-Senate conference commitee acts after Brown's objection
NBC News and news services
June 29, 2010

WASHINGTON — Top Democratic House and Senate negotiators who worked out a deal on a sweeping overhaul of financial regulations regrouped Tuesday to eliminate a $19 billion fee on banks that had threatened to derail the legislation.

The bill's fate was thrown into doubt this week following the death of Sen. Robert Byrd, D-W.Va., and after Republican Sen. Scott Brown of Massachusetts vowed to abandon his support for the bill if it retained the assessment on large banks and hedge funds. The money would have been used to pay for the costs of the legislation.

Besides Brown, Republican Sens. Olympia Snowe and Susan Collins of Maine, both of whom also voted for the Senate bill last month, said they also had qualms about the bank assessment that negotiators inserted into the bill last week.

Seeing nearly a year of work crumbling, Democrats scrambled to eliminate the bank fee and keep at least three of the Republicans on board.

Read the full article at:

http://www.msnbc.msn.com/id/38000701/ns/politics-capitol_hill

Works every time.
:eyes:

as will a few of the others who had this as their 'only' objection to the bill.

Just watch.

WHY do our Dems do this again and again and again? What don't they get? What don't they understand about the "people" they're dealing with?

happier than they were last week!

The state party really dropped the ball by letting a Republican win that seat.

Mainly, they now get the excuse that they don't have enough seats to pass key legislation. If they did have the necessary number of seats, then a lot of right wing Democrats would be put on the spot in the eyes of their constituents who were already unhappy with right wing Republicans.

Sad.