deficit down and politics also in play, tapping into continuing anger on wall street. gregg: what this is response from republicans, and this banking industry? reporter: as you might expect, some republicans criticized this bank tax idea, raising questions about whether it would really reduce risky behavior. at the time of the senate hearing last month, republican senator chuck grassley said in a statement, quote, fannie mae and freddie mac are not subject to the tax, and hedge funds are not subject to the president s proposed tax and meanwhile companies that did not take tax money are subjected to the proposed tax. also, as you might expect, wall street kufdoesn t like it sayint harms our competitiveness with other countries that don t have to pay similar taxes and regarding the separate larger financial overhaul bill, the democrats have to get that through congress and send it to the president before the july 4th recess, gregg. gregg: malini wilkes, live in washington, thanks.