The Take on Wall Street campaign denounces the passage of a tax bill in the House of Representatives that would give Wall Street and the 1% over $1 trillion in tax breaks while leaving many middle-income Americans paying higher taxes, increasing the public deficit, and leading to deep cuts in important public services.
Archive for category: Take on Wall Street
TOWS Statement: Groups Slam Tax Bills For Failure to Close Carried Interest Loophole
The Take on Wall Street campaign denounced the proposed tax bills for effectively preserving the carried interest loophole for Wall Street money managers, a loophole Trump promised to close during the campaign trail.
TOWS Statement: Tax Bill Would Give Wall Street Massive New Tax Breaks
The Take on Wall Street campaign denounces the just-unveiled tax bill as a giant giveaway to an industry whose reckless behavior led to a searing recession from which many Americans have not yet recovered.
TOWS Statement: Republican Leadership and Trump unveil plan to cut taxes for the 1%
On Wednesday, Republican Congressional leaders and the Administration released their tax framework. “This ‘plan’ amounts to a package of tax cuts for Wall Street and the 1%" ...
TOWS Joint Statement: Groups demand Wall Street pay its fair share in taxes
Washington DC – On Tuesday, groups with the Take on Wall Street campaign made their voices heard outside a Senate...
TOWS Press Release: Leading Members of Congress Propose An Agenda to Take on Wall Street
"Seven years ago this week the Dodd Frank act was signed into law, setting in motion measures to protect consumers and make the financial system more stable. Unfortunately, some lawmakers wish to turn back the clock and undo these reforms, and we are stepping up the fight to stop them. But the important work of defending Dodd-Frank must not be the end of the story. We need to do more to build a financial system that works for most Americans, not against them."
TOWS Statement: Make Wall Street Pay Its Fair Share in Taxes, Raise $1 Trillion in Federal Revenue
The Take On Wall Street campaign, a group of over 50 community groups, unions, consumer advocates and others today called on Senate Finance Committee Chairman Orrin Hatch to adopt tax reform measures that would raise more than $1 trillion in additional revenue, and discourage dangerous Wall Street speculation by requiring the financial services industry to pay its fair share of taxes.
“Take on Wall Street” Statement: Time to Close an Egregious Loophole
"'It's hard to find a more egregious example of Wall Street billionaires rigging the rules for their own advantage than the carried interest loophole,' said Jon Green, Campaign Manager for the Take on Wall Street campaign. 'It is an outrageous and unfair benefit for the wealthy and powerful for no reason other than that they are wealthy and powerful. Every member of Congress should stand with Senator Baldwin and Representative Levin in supporting this bill.'"
TOWS Statement: Wall Street Watchdogs Blast Banking Committee for approving Clayton to Head SEC
"Jay Clayton’s entire career of representing major Wall Street banks, advancing their interests at the expense of the public, helping them avoid accountability, stands in contradiction to the very mission of the agency he has been nominated to lead... Those who voted in favor of his appointment -- both Democrats and Republicans --will have some explaining to do to constituents who are sick and tired of letting Wall Street continue rig the economy so all of the gains go to those at the very top.”
Take on Wall Street Statement: Jay Clayton hearing further demonstrates he is the wrong man to lead the SEC
Jay Clayton's performance in the SEC confirmation hearing makes it abundantly clear that after a career of helping Wall Street banks avoid accountability, he is uniquely ill-suited to the job of protecting investors and working people from Wall Street misconduct.
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