FOR IMMEDIATE RELEASE March 10, 2023 CONTACT Carter Dougherty carter@ourfinancialsecurity.org (202) 251-6700 Washington, D.C. – On Thursday, President...
Archive for tag: carried interest
It’s almost the new year. Let’s make sure private equity barons leave their favorite tax giveaway in 2021
Much like corporate raiders of the 1980s, the massive private equity industry spent the Covid-19 pandemic increasingly expanding their control...
The Megalomaniac Supervising the Maniac: Schwarzman, Trump, and Anti-Democracy
This post was guest authored by Madeleine Johnsson. Time may be up for Donald Trump in the White House, but...
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.'"