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The Unfinished Business of Financial Reform

Submitted by Sarah Anderson on Mon, 05/17/2010 - 16:54

Lawmakers will need to consider financial speculation taxes in the next round of the fight to rein in Wall Street.

As senators prepare to fight their way through a blizzard of amendments to the financial reform bill, it's hard to predict exactly what we'll wind up with when the storm is over. But it's important to view this as merely round one in what will likely be a long struggle to rein in Wall Street.

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Global Rules

Marching on K Street to Transform Wall Street

Submitted by John Cavanagh on Mon, 05/17/2010 - 16:04

Tax Speculators: Shut down the Wall Street Casino

On May 17, I will join thousands of others in a creative protest on a street that most Americans don't know exists. It is "K Street" in Washington, and it is home to thousands of corporate lobbyists who get paid six figures to buy the votes in Congress.

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Originally published in The Huffington Post

Tax Day Talking Points

Submitted by Chuck Collins on Wed, 05/05/2010 - 15:13

There are two tax systems in America today: one for the privileged and one for everyone else.

Today, we have a two-tier federal tax system: one tax system for the wealthy and powerful corporations and another tax system for everyone else. The tax system for the privileged features loopholes and special provisions that enable wealthy individuals and global corporations to hide taxable income and receive special treatment. The tax system for “regular people” offers few loopholes.

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Tax Day Talking Points

Fix the Economy, Not Wall Street

Submitted by David Korten on Wed, 05/05/2010 - 13:59

Why regulate a broken system when we can build a better one? Welcome to New Economy 101.

Financial reform is the Congressional political issue of the month. Democrats say their bill will place essential controls on Wall Street to prevent abuse and a repeat of the financial crash. Republicans say it will encourage further Wall Street risk-taking by giving the big banks a guarantee of a future taxpayer bailout if reckless decisions trigger another financial crash.

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Originally published in Yes! Magazine
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