Tag Archives: Take On Wall Street

a dollar bill on top of a pile of money with scrabble pieces spelling out "tax" on top

News Release: DeFazio Introduces Financial Transaction Tax Act to Rein in Wall Street and Generate Revenue for National Priorities

“This bill is an important step in restoring the real economy for white, Black and brown working families, especially in this time of rising unemployment due to the global pandemic. The Wall Street Tax Act would both help protect working people from the most acute impacts of risky Wall Street behavior and raise revenue that could be used for critical public services and investments.”

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TOWS Statement: Wall Street Makes Bank on Trump: 2017 in Review

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.

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AFR/TOWS Statement: Senate Republican Tax Bill a Gift to Wall Street

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.