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Democratic Primaries
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Congratulations to our presumptive Democratic nominee, Joe Biden!
Rep. Lee: Proud to stand with @SenSanders today as we introduced the #InclusiveProsperity Act.
Proud to stand with @SenSanders today as we introduced the #InclusiveProsperity Act. Its time for Wall Street to pay their fair share of taxes and invest in critical programs like #MedicareForAll, #DebtFreeCollege, affordable housing, and more.
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If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
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Rep. Lee: Proud to stand with @SenSanders today as we introduced the #InclusiveProsperity Act. (Original Post)
demmiblue
May 2019
OP
demmiblue
(36,813 posts)1. Lee, Sanders introduce bill to tax Wall Street transactions
Sen. Bernie Sanders (I-Vt.) and Rep. Barbara Lee (D-Calif.) on Wednesday introduced legislation to tax stock, bond and derivatives trading.
The Inclusive Prosperity Act, co-sponsored by Sen. Kirsten Gillibrand (D-N.Y.), would impose a tax of a "fraction of a percent" on such transactions but could generate as much as $2.4 trillion from Wall Street investors over a decade. It could also discourage high-frequency trading, which Lee and Sanders said hurts the stability of financial markets without generating any economic value.
"The government already taxes everyday families for basic items like food, clothes, and housing. Wall Street gets away with no taxes, even when conducting high-risk financial transactions, Lee said in a statement. This has to stop. It's past time to make sure Wall Street pays their fair share so that we can provide funding for things that make us a better nation like jobs, housing, infrastructure, and college education.
While the top 23 banks in America received over $20 billion in tax breaks last year as a result of the Trump tax plan, hundreds of thousands of young people are unable to go to college because they cant afford it, 34 million Americans have no health insurance, one out of five Americans cant afford to buy the medicine prescribed by their doctors, over 40 million Americans are living in poverty, we have the highest childhood poverty rate in the developed world and life expectancy in the U.S. has gone down for the third year in a row, Sanders, who is seeking the Democratic presidential nomination, said. It is long past time for Congress to rein in the recklessness of Wall Street billionaires and build an economy that works for all Americans.
https://thehill.com/homenews/senate/445075-lee-sanders-introduce-bill-to-tax-wall-street-transactions
The Inclusive Prosperity Act, co-sponsored by Sen. Kirsten Gillibrand (D-N.Y.), would impose a tax of a "fraction of a percent" on such transactions but could generate as much as $2.4 trillion from Wall Street investors over a decade. It could also discourage high-frequency trading, which Lee and Sanders said hurts the stability of financial markets without generating any economic value.
"The government already taxes everyday families for basic items like food, clothes, and housing. Wall Street gets away with no taxes, even when conducting high-risk financial transactions, Lee said in a statement. This has to stop. It's past time to make sure Wall Street pays their fair share so that we can provide funding for things that make us a better nation like jobs, housing, infrastructure, and college education.
While the top 23 banks in America received over $20 billion in tax breaks last year as a result of the Trump tax plan, hundreds of thousands of young people are unable to go to college because they cant afford it, 34 million Americans have no health insurance, one out of five Americans cant afford to buy the medicine prescribed by their doctors, over 40 million Americans are living in poverty, we have the highest childhood poverty rate in the developed world and life expectancy in the U.S. has gone down for the third year in a row, Sanders, who is seeking the Democratic presidential nomination, said. It is long past time for Congress to rein in the recklessness of Wall Street billionaires and build an economy that works for all Americans.
https://thehill.com/homenews/senate/445075-lee-sanders-introduce-bill-to-tax-wall-street-transactions
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
Uncle Joe
(58,268 posts)2. Kicked and recommended.
Thanks for the thread demmiblue.
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
demmiblue
(36,813 posts)3. You're welcome, Uncle Joe (you are always so darn polite!).
Ali Velshi is talking about it right now on MSNBC.
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
Uncle Joe
(58,268 posts)4. I just viewed it demmiblue
and thank you again.
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
SMC22307
(8,090 posts)5. Sanders and Lee -- excellent partnership. (n/t)
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
earthshine
(1,642 posts)6. Once again, Bernie proves his value to the liberals, progressives, and the Democratic party. nt
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
You mean when he's not trashing them on Meet The Press, I guess.
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
earthshine
(1,642 posts)8. I take it you don't like Bernie.
Too bad for you.
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
RandiFan1290
(6,221 posts)9. K&R
Amen!
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided