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66% Oppose Cyprus Bailout Plan to Tax Bank Deposits

Most Americans don’t approve of the decision to tax bank accounts as part of a bank bailout in Cyprus but think it’s likely other European countries will resort to similar plans to fight their massive deficit problems.

A new Rasmussen Reports national telephone survey finds that only 10% of American Adults think it’s fair to tax bank deposits as part of a financial bailout plan. Sixty-six percent (66%) oppose this plan to avoid a banking collapse that could cause those with more than $129,000 in a Cyprus bank to lose up to 40% of their deposits. It also limits the ability of customers to withdraw their money. Twenty-four percent (24%) are undecided about the plan. 

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