Herald Sun | Banks fearful of 'blank cheque' levy The Australian The major banks are demanding urgent action to prevent the $6.2 billion bank levy from turning into a “blank cheque” for higher taxes, amid fears the new law will give Scott Morrison the power to extend the revenue grab without a vote in parliament. Taxes must be raised to balance budget, Bernie Fraser and John Edwards tell Government ScoMo calls in big guns on Big 4 banks Banks' failure to cut rates behind crackdown |