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Articles tagged with: Take On Wall Street

TOWS/AFR Statement: New Poll Reveals Strong Public Support to Stop Lending Discrimination
May 11, 2018 – 2:39 pm

A new poll reveals overwhelming public support for government action to stop lenders from discriminating against borrowers of color. Lawmakers who voted to roll back the Consumer Financial Protection Bureau’s effort to guard against discrimination in auto lending were steering against the will of their own voters.

TOWS Brief: Wall Street Makes Bank on Trump
January 31, 2018 – 9:41 am

On the first anniversary of the Trump administration, the Take on Wall Street coalition catalogs the ways that Wall Street made bank on Trump in 2017.

TOWS Statement: Wall Street Makes Bank on Trump: 2017 in Review
January 30, 2018 – 3:07 pm

The report includes facts about lobbying spending that hit $2 billion in the last election cycle, and continues unabated, Wall Street executives in the Trump administration and regulatory agencies, tax cut windfalls for the finance industry, and a deregulatory free-for-all. It also includes a case study of how Wells Fargo’s outrageous conduct somehow earned it the distinction of being the biggest winner from the Trump-Republican tax bill.

AFR/TOWS Statement: Unpopular, Harmful Tax Cuts Reward Wall Street Donors
December 20, 2017 – 1:40 pm

At a time when millions of everyday Americans are struggling with stagnant wages, Republicans decided to use the tax code to reward its contributors. Polls have shown that the Republican tax bill is deeply unpopular. Voters recognize it for what it is: a giant holiday gift to Wall Street and the super rich that the rest of us will be paying off for decades.

AFR/TOWS Statement: Senate Republican Tax Bill a Gift to Wall Street
December 5, 2017 – 10:02 am

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: Groups Slam Tax Bills For Failure to Close Carried Interest Loophole
November 10, 2017 – 10:44 am

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 in the News: Progressives revive attacks on Wall Street in health care’s wake (Washington Post)
July 19, 2017 – 10:50 am

“[A]s the seventh anniversary of the Dodd-Frank Act approaches Friday, a coalition of progressive groups is pushing the party to get back on offense. The groups… organized under the banner of ‘Take on Wall Street’ — aim to crank up grassroots heat on elected Democrats. They want party leaders, though deep in the minority, to revive some of the get-tough measures they campaigned on last year, when they expected to win at least the White House.”

TOWS Statement: Make Wall Street Pay Its Fair Share in Taxes, Raise $1 Trillion in Federal Revenue
July 18, 2017 – 8:39 am

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.