House Banking Committee Chairman Jim Leach wants congressional budget negotiators to kill President Clinton's plan to impose new fees on bank holding companies and state-chartered banks.

"The imposition of bank fees symbolizes the liberal notion that deficits can best be reduced through raising taxes rather than cutting spending," he said in a Dec. 11 letter to Rep. John Kasich, R-Ohio, chairman of the House Budget Committee.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.