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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, embodied...
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 Campaign...
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...
Europe’s FTT came to Washington this week in the form of a presentation at The Center for American Progress. Dubbed “Now is the Time for a Financial Transaction Tax: European Progress and Prospects for the United States,” the featured speaker was Lithuanian economist Algirdas Semeta, European Commissioner for Taxation and Customs and a leading voice of the FTT.
Semeta came to the U.S., in part, to try and quell the...
