Susan Harley
@Susan_Citizen
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🏳️🌈 Former Michiganian. In solidarity with Black Lives Matter. I speak for myself but stand up for others.
Washington, DC
Joined November 2013
Today, the Senate Budget Committee held a hearing on "Making Wall Street Pay Its Fair Share." @SarahDAnderson1 from @IPS_DC talks about tax two-fers - taxing excessive CEO pay, financial transactions, and stock buybacks - to make the economy more fair and curb excessive CEO pay
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Chair @SenWhitehouse deserves a million thanks for exposing all of the ways that Wall Street is able to escape paying its fair share. #MakeWallStreetPay
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Sen Van Hollen stresses need to finalize banker pay reform (Sec 956)
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IRS funding! Thanks @ChrisVanHollen for mentioning how important that is. Not only does it ensure people and companies pay what they owe, it helped make Direct File-- free IRS online filing software-- a reality and therefore save folks time and money every year.
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You know what would keep the mega wealthy from fleeing to another country to escape taxes? A global tax:
sanders.senate.gov
WASHINGTON, June 11 – Sen. Bernie Sanders (I-Vt.) and Congresswoman Ilhan Omar (MN-05), along with 16 of their colleagues in the Senate and House, today urged President Biden and Treasury Secretary...
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Many companies do in fact not pay ANY tax because of loopholes and deductions: https://t.co/cyCNjotYxt
@iteptweets helps explain why it's the case.
theguardian.com
Among lowest taxpayers were companies whose CEOs have become high-profile advocates for corporate social responsibility
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So true that there are diminishing returns for wealth and how much someone is making really matters. #MakeWallStreetPay
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Very good to hear the problem of "buy, borrow, die" being discussed in today's Sen. Budget Comm. hearing. Here's more on that:
washingtonpost.com
Americans have fought over how much to tax the highest earners for decades. But Biden’s budget includes some novel ideas for how to do it.
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A #WallStreetTax is not going to hurt Americans. For middle income families with average mutual fund accounts, the yearly cost of a tax on Wall Street trades would be only $13 per year.
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Tax avoidance because of multinational tax dodging was made worse through the 2017 Trump tax giveaway law.
itep.org
The Trump tax law slashed taxes for America’s largest, consistently profitable corporations. These companies saw their effective tax rates fall from an average of 22.0 percent to an average of 12.8...
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Financial transaction tax in Sweden. Yawn. What a tired argument. Everyone knows that was designed poorly and what about all of the countries that currently have an FTT?
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On the topic of inflation: As Business Insider says, the US economy is “crushing it” compared to other rich nations, with US inflation being the lowest in the G7.
businessinsider.com
US economic growth beat expectations in the fourth quarter, and it's outpacing most of the world's wealthiest countries.
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Money quote from @SarahDAnderson1: "The financial sector can and should pay more."
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Yes! We need a sales tax on Wall Street trades. #WallStreetTax #MakeWallStreetPay
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We do NOT want to go through another financial meltdown. Excessive executive compensation definitely leads to risk (and other harmful behavior). See this report from @bartnaylor
https://t.co/hiSvjfz0aM
#MakeWallStreetPay
citizen.org
WASHINGTON, D.C. – Financial regulators still need to implement an executive pay rule mandated by the 2010 Dodd-Frank Wall Street…
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Equalize capital gains tax and other reforms will do a lot to ensure investors don't pay a lower tax rate than nurses.
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Dr. Joseph Stiglitz is so right: taxes definitely are a great way to end incentives for harmful economic behavior. Ex: #WallStreetTax
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Stock ownership is still heavily concentrated with the wealthy: https://t.co/cZyvCwGyZT
#MakeWallStreetPay
inequality.org
Baby bonds are one effective strategy for addressing the fact that only 1 percent of stock market wealth is owned by the bottom half of households.
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I appreciate Sen. Grassley saying we should reexamine the tax code, but we differ on whether making Wall Street pay its fair share is political. The American people from both sides of the aisle think corporations should not be able to use loopholes to escape paying taxes.
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