As Mark Hays, the director of Americans for Financial Reform, observed: “With the launch of a Trump-backed ‘stablecoin’, World Liberty and Trump are now issuing their own private currency, while pressuring Congress to pass a bill … overseen by crypto-friendly Trump loyalists, and daring anyone to object.”
Climate change could soon mark a “death spiral” for the financial industry in parts of the country. “People place a lot of value, besides economic value, on where they live, and a lot of people don’t have the resources to move anyway,” said Alex Martin, policy director at Climate and Finance at Americans for Financial Reform.
Rate hikes are not a sustainable solution to the climate-fueled insurance crisis, especially for those unable to relocate. “People aren’t able to afford the cost increases that are coming right now,” says Alex Martin of Americans for Financial Reform.
WASHINGTON, DC – According to the Economic Policy Institute, the gulf in pay between CEOs and average workers is 290 to 1. In an effort to ensure that hardworking U.S. taxpayers are not forced to subsidize lavish executive compensation packages while making a fraction of CEO pay, U.S. Senator Jack Reed (D-RI) today reintroduced legislation that would
Washington, DC – Today, U.S. Representative Lloyd Doggett (D-Texas) introduced the Stop Subsidizing Multimillion Dollar Corporate Bonuses Act to close a major loophole in current corporate tax law that uses taxpayer dollars to fund lavish pay packages. The bill would specifically end special tax breaks for publicly traded companies that deduct the cost of any multimillion-dollar bonus paid