FOR IMMEDIATE RELEASE: MARCH 18, 2021 Contact: Alexis Goldstein, alexis@ourfinancialsecurity.org Statement of Alexis Goldstein, Senior Policy Analyst, Americans for Financial Reform: It is good to see the Department of Education finally take significant steps to fulfill the promise then-Secretary Arne Duncan made in 2015, that defrauded student loan borrowers would get “every penny of relief”
Billionaire corporate landlords have increased their wealth by $24 billion and have raised over $245 billion as millions of American families face a wave of evictions.
In a significant reversal, the Department of Labor (DOL) today announced they will not enforce the anti-sustainable investing rules that were hastily published in the final days of the Trump administration. The two rules, which went into effect in January 2021, would have made it much harder for retirement plans to integrate environmental, social and governance (ESG) risks into their investment practices.
A South Carolina tire factory owned by a global corporation received a substantial loan from the Small Business Administration for pandemic relief while many genuinely small businesses — especially those owned by people of color and women — were unable to access the program.
Wall Street billionaires have escaped paying their fair share of taxes for decades, thanks to laws they themselves have had an outsize influence in shaping. This bill requiring the ultrarich to pay some tax on their wealth, which was too often accumulated through predatory business models that extracted wealth from workers and communities, is an important step forward for economic justice.
Statement of Alexis Goldstein, AFR’s Senior Policy Analyst, in response to President Biden’s comments on student debt cancellation at the Milwaukee, Wisconsin Town Hall: President Biden’s Racial Economic Equity campaign plan called for an “immediate cancellation of a minimum of $10,000 in federal student loan debt.” Nearly a year into the pandemic, with millions of