"It’s symbolic but it’s also real. We estimate we could see about $10 billion into the Treasury at a time when we’re looking hard for deficit reduction. And that’s what this money would go for – deficit reduction."
Republican critics of the approach say it’s a populist vote-getter at best… an expression of class warfare at worst. Boxer says it’s about fairness. The one-year bonus tax applies only to firms that were bailed out to the tune of five billion dollars or more.