Susan Harley

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

Chair @SenWhitehouse deserves a million thanks for exposing all of the ways that Wall Street is able to escape paying its fair share. #MakeWallStreetPay

Sen Van Hollen stresses need to finalize banker pay reform (Sec 956)

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.

You know what would keep the mega wealthy from fleeing to another country to escape taxes? A global tax: sanders.senate.gov/press-releases…

Many companies do in fact not pay ANY tax because of loopholes and deductions: theguardian.com/business/2024/… @iteptweets helps explain why it's the case.

So true that there are diminishing returns for wealth and how much someone is making really matters. #MakeWallStreetPay

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/business/2024/…

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. citizen.org/article/financ…

Tax avoidance because of multinational tax dodging was made worse through the 2017 Trump tax giveaway law. itep.org/corporate-taxe…

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? cepr.net/wp-content/upl…

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/economy-us-gdp…

Money quote from @SarahDAnderson1: "The financial sector can and should pay more."

Yes! We need a sales tax on Wall Street trades. #WallStreetTax #MakeWallStreetPay

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 citizen.org/news/rampant-b… #MakeWallStreetPay

Equalize capital gains tax and other reforms will do a lot to ensure investors don't pay a lower tax rate than nurses.

Dr. Joseph Stiglitz is so right: taxes definitely are a great way to end incentives for harmful economic behavior. Ex: #WallStreetTax

Stock ownership is still heavily concentrated with the wealthy: inequality.org/great-divide/s… #MakeWallStreetPay

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.

Here is our statement: citizen.org/news/upcoming-… #MakeWallStreetPay #WallStreetTax