On Friday, Senate Republicans passed a bill with some $1.5 trillion in tax cuts, overwhelmingly weighted to the wealthiest Americans. The bill lavishes tax cuts on Wall Street banks, on executives who can manipulate their legal status to obtain a lower tax rate, and on operations in foreign tax havens. In contrast, ordinary Americans earning wages and salaries receive very limited benefits, and in many cases will see their taxes increased.
TOWS Statement: House Tax Bill a Gift to Wall Street
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.
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.
Government Sachs and the Trump Administration
A new reports documents all the ways Goldman Sachs employees are using their high-level government jobs to push an agenda...
Billionaires Demand More Tax Breaks!
Making an appearance at a Senate Finance Committee hearing on the massive tax cut legislation now being debated, individuals from...
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...
Donald Trump’s New Tax Loophole is Ripping Off His Supporters
Trump promised to rein in Wall Street billionaires. Instead, he’s giving them everything they want. Originally published on Other98.com...
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."