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Eric Cantor

Wall Street threatens GOP on bank tax

“Wall Street is warning Washington Republicans: The money spigot is turning off.”

“Rep. Dave Camp’s tax proposal — which jacked up taxes on banks and threatens the bottom line of some major private equity players in New York — has infuriated donors in high finance.”

“Private equity and investment firms in New York are telling key Republican players in D.C. that commitments for big-dollar fundraising have been ‘canceled for the foreseeable future,’ according to one GOP lobbyist with knowledge of the conversations.”