Blog: Politics
Despite mounting evidence that austerity measures lower growth and do further harm to American communities, proponents of the “sequestration” that took effect Friday are pressing forward with budget cuts. These sequestration budget cuts -- unless stopped by Congress and the President -- will slash $1.2 trillion from the federal budget over ten years, causing massive harm to communities across the country.
The U.S. Robin Hood Tax...
How far behind the rest of the world can we continue to fall on holding the Wall Street traders and tycoons to account for the mess they made of our economy? The sharp contrast Monday between the Obama administration and Europe in statements about a financial speculation tax shows the gap appears to be widening.
We’ve seen this picture before, and the U.S. is not about to get an Oscar.
Just last month, a...
With the so-called sequestration looming in Washington, an automatic budget cut of $85 billion dollars that would cut jobs, education, environmental protection and more, much more, austerity appears to be alive and well among a range of policy makers. This country needs a new revenue source and can find it in a Robin Hood tax, a tiny sales tax on Wall Street trades that can raise up to $350 billion a year.
Austerity – the...
Advocates for American communities still reeling from the 2008 financial collapse are calling upon the Senate Finance Committee this week to press Treasury Secretary nominee Jack Lew for commitments to hold Wall Street accountable.. One way to do that is to get his pledge of support for the Inclusive Prosperity Act, a bill introduced by Rep. Keith Ellison (D-MN), which embodies the Robin Hood Tax —a small sales tax on Wall Street...
