Morning Money Links: It’s raining tax proposals in D.C.; taking aim at energy speculators; revisiting ‘Dow 36,000’
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--- The tax man cometh: The Obama administration’s bank-fee proposal, a tax by any other name, is just one of many tax ideas on the table or under the table in Washington. Another new one: applying the Medicare payroll tax to capital gains and dividends. A roundup of seven major tax proposals is here.
--- Taking aim at energy speculators: The Commodity Futures Trading Commission proposes to limit trading positions of big speculators in oil, natural gas, heating oil and gasoline futures -- a move long demanded by consumer groups who believe the 2008 spike in energy prices largely stemmed from speculators running amok.
--- Day Two of the financial-crisis hearings: Industry regulators have been on the stand today. FDIC Chairwoman Sheila Bair admits that the system “failed in its responsibilities.†Prepared testimony from Bair, SEC Chairwoman Mary Schapiro and others is here. The Financial Crisis Inquiry Commission’s live video stream of the hearings is here.
--- Will the ‘Dow 36,000’ authors pay up? Remembering a bet they made 10 years ago.
-- Tom Petruno