WASHINGTON — Although the estimated costs of the Troubled Asset Relief Program have fallen markedly during the past year, the Obama administration's 2012 fiscal budget said the largest banks that benefited from the bailout should still be taxed to make up any cost to the government.
The administration first proposed a $90 billion "financial crisis responsibility fee" last year on institutions with more than $50 billion of assets that took Tarp money. But the latest budget slashed the cost of the tax to $30 billion to be paid over the next 10 years.
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