On a calm and clear November evening in Portsmouth, N.H., Jon Huntsman--the spectral moderate in the Republican presidential race--calmly and clearly told a town meeting of several hundred people that he wanted to do something no other candidate for President, including Barack Obama, has proposed this year: break up the big banks. Specifically, he wants to impose a stiff fee on the top six banks, which hold assets that equal almost 65% of America's GDP. The money would go to reduce corporate taxes on companies in the nonfinancial sector, part of Huntsman's larger plan to revive U.S. manufacturing. "We have to...
Jon Huntsman's Big Idea
The long-shot candidate is bolder than Obama about reining in the big banks
Subscriber content preview.
or
Log-In
To continue reading:
or
Log-In