Blog: Politics
This week, after four years of litigation, investors in Citigroup had their day in court, winning a settlement of $730 million in their class action suit brought in federal court in Manhattan. The investors claimed they had been “misled” by the big bank’s disclosures during the years 2006-2008, that is, the period leading up to the financial crisis. (These were the years in which Jack Lew, now Treasury Secretary, was a top...
Andrea Germanos, staff writer at Common Dreams
Why should ordinary taxpayers have to sacrifice while highly profitable corporations are using accounting acrobatics and tax havens to avoid paying their fair share?
At a time of record corporate profits, U.S. "corporate tax dodgers" are parking more of their profits offshore, taking advantage...
Now that the boom times have returned for Wall Street with consecutive days of record market highs, the time for excuses must end, and the Obama administration and Congress should join with the other world markets in adopting a Robin Hood tax on financial speculation.
The signs could not be more clear. The New York Times, March 3, calls this a “...
Cuts in baby formula for the poorest amidst cries on Wall Street that “the market wants more austerity”
As the harsh reality of the sequestration sets in, the opening salvo of a dire national austerity program that achieves cuts of $85 billion at first, en route to $1.2 trillion in cuts over a decade, the U.S. Robin Hood Tax Campaign could not be a greater imperative.
Its goals,...
