READ IT: Trump Confirms He Was Shot in First Statement Since Assassination Attempt
FBI Identifies Trump's Would-Be Assassin
CBS News Reporter Said Doing This Is 'Unpatriotic' Following Trump's Assassination Attempt
If True, DHS Secretary Mayorkas Must Answer This Question After Trump's Assassination Atte...
Video Reportedly Shows Dead Shooter on Rooftop Following Assassination Attempt
The Latest: Authorities Hold First Press Conference on Attempted Trump Assassination
Joe Biden’s Hospice Presidency
A Quick Bible Study Vol. 225: Psalm Summer - Part 2
Please, Please, Please, We Must All Tone Things Down
Are We Making Progress?
Climate Surcharges: Coming Soon to an Airport Near You?
The United States Has Become an Irresponsible, Debt-Addicted Nation
Drug Discount Program Big Pharma Hates Is Vital to Older, Rural Americans
Flashback: J6 Chairman Bennie Thomspon Proposed Revoking Donald Trump's Secret Service Pro...
Flashback: Tucker Carlson Said We Were 'Speeding Towards' an Attack on Trump's Life

Jack Kemp on the Bailout

On a conference call for the McCain campaign this afternoon supply-sider Jack Kemp said he'd been talking with some conservatives on the Hill who voted against the bailout on what could be done to get them on board in the days ahead.

Kemp, who specified he was not speaking for the McCain campaign on this matter, suggested a "carry-forward" provision be added to the legislation to help banks amortize their debt.
KEMP: When a bank declares a loss and sells the paper to Treasury and declares a loss, I’d like to see them have a carry-back provision, or carry it forward, to amortize the loss because they have to declare this loss in the very quarter in which the paper is sold to the Treasury. So if they could amortize their loss over three to five years or carry it forward against gains in the past over three years that would give them an amortization schedule that would not impact their balance sheets.


Join the conversation as a VIP Member


Trending on Townhall Videos