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For Immediate Release
July, 08 2019, 12:00am EDT
Contact:
Dennis Bailey
Director of Communications
Americans for Tax Fairness
202-733-3444
dbailey@americansfortaxfairness.org
Gov. Cuomo's Signature On Trust Act Is 'Victory for Public's Right To Know'
Frank Clemente, executive director of Americans for Tax Fairness, released the following statement on New York Gov. Cuomo's signing today of the TRUST ACT, which authorizes state officials to share tax return information of elected officials upon a request from Congressional Committees:
WASHINGTON
Frank Clemente, executive director of Americans for Tax Fairness, released the following statement on New York Gov. Cuomo's signing today of the TRUST ACT, which authorizes state officials to share tax return information of elected officials upon a request from Congressional Committees:
"Today's action by Gov. Cuomo is a victory for the public's right to know. We were happy to support this initiative because the TRUST ACT will strengthen the oversight responsibilities of Congress by giving it access to President Trump's state tax information. Congress and the public deserve to know the truth. We deserve to know if our elected officials, including the President, have financial conflicts that that in any way affects their decisions and policies. We need to know if they have business relationships with foreign nations that are adversely affecting their exercise of official duties. And we need to know if our elected officials, especially real estate developers like President Trump, are paying their fair share of taxes to the government they seek to lead, or using loopholes and unfair tax breaks to escape their obligations."
For more information see ATF's report, The Case for Congress Obtaining Trump's Tax Returns,
Americans for Tax Fairness (ATF) is a diverse campaign of more than 420 national, state and local endorsing organizations united in support of a fair tax system that works for all Americans. It has come together based on the belief that the country needs comprehensive, progressive tax reform that results in greater revenue to meet our growing needs. This requires big corporations and the wealthy to pay their fair share in taxes, not to live by their own set of rules.
(202) 506-3264LATEST NEWS
Thousands March in London to Demand End of Fossil Fuels and Gaza Genocide
"We won't stop until political leaders divest from war and destruction—and invest in a just, ecological, and equitable transition," said one campaigner.
Nov 16, 2024
Thousands of climate justice advocates took to the streets of London on Saturday to demand the U.K. government "end its reliance on fossil fuels, commit to paying climate reparations, and end its complicity in the genocide in Gaza."
Organizers said more than 60 groups—including Extinction Rebellion, Friends of the Earth, Greenpeace, Amnesty International U.K., Palestine Solidarity Campaign, War on Want, and Just Stop Oil—took part in the March for Global Climate Justice. The demonstration took place amid yet another shambolic United Nations Climate Change Conference and as Israeli forces continue a war on Gaza that U.N. experts this week called "consistent with the characteristics of genocide."
More than two dozen associated protests were held in cities and towns across Britain and Ireland, including Dublin, Edinburgh, Manchester, and Sheffield. Over 150 actions around the world are planned for what organizers are calling a Global Day of Action for Climate Justice on Saturday.
"Thousands of us united today in a historic mobilization on the streets of London, across Great Britain, and worldwide to demand an end to the era of fossil fuels and an end to the genocide in Gaza," Climate Justice Coalition national coordinator Angus O'Brien said in a statement.
"The issues we face are global, and so is our response," O'Brien added. "We won't stop until political leaders divest from war and destruction—and invest in a just, ecological, and equitable transition."
Lauren MacDonald, the lead campaigner at Stop Rosebank, said: "Every day we are witnessing the worsening effects of climate change as they creep closer and closer to home. All this while governments insist on pandering to the demands of mega-polluters in an endless cycle of ignorance that endangers us all."
"Oil money has been linked to violence throughout history—and this is no different now," MacDonald continued. "Even the Rosebank oil field here in the U.K. will see £253 million in revenue flow towards a company that has been flagged by the U.N. for human rights violations in Palestine."
Earlier this week, green groups including Oil Change International, Friends of the Earth Palestine/PENGON, and Tipping Point U.K. highlighted how fossil fuel companies including Britain's BP "enable and profit from Israel's genocide in Gaza" and perpetuate "a long history of the industry's complicity in mass atrocities worldwide."
Joanna Warrington, a campaigner at Fossil Free London—a group known for its bold direct action protests—said Saturday that "in gleaming London offices, fossil fuel giants like BP line their pockets while our planet burns and millions suffer."
"Every day, they stop at nothing to maximize their profits, fueling genocide, corrupting politics, and pushing our climate closer to collapse," she continued. "We are marching today to demand that the U.K. government breaks free from the grip of mega polluters, stands up to their relentless greed, and stops enabling the violence and destruction they profit from."
"Another world is not just possible—it's essential," Warrington added, "and it starts with holding fossil fuel corporations accountable."
MacDonald asserted that "if we want to maintain a liveable climate, and sever the toxic links between fossil fuels and atrocities across the globe, we must do everything we can to make a rapid and fair transition away from oil and gas."
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'Sick Joke': Progressives Roundly Reject Idea of Rahm Emanuel as DNC Chair
"No amount of rebranding can change the fact that Rahm Emanuel's political career has been an abject failure—neoliberal centrism is exactly the wrong direction for the Democratic Party," said one critic.
Nov 15, 2024
Progressives were left fuming and flummoxed over reporting Friday that Rahm Emanuel is considering running for chair of the Democratic National Committee, with many leftists wondering whether the party has learned anything from its loss of the White House, Senate, and, arguably, the country's working-class voters.
Axiosfirst reported that Emanuel—President Joe Biden's ambassador to Japan and a former congressman, Chicago mayor, and chief of staff to former President Barack Obama—is mulling whether to seek the top DNC post. Current DNC chair Jamie Harrison, who was elected to the post in 2021, is unlikely to seek a new term, which would begin in March.
Emanuel has some powerful backers among the war-and-Wall Street wing that has dominated the Democratic party for decades.
"If they said, 'Well, what should we do? Who should lead the party?' I would take Ambassador Rahm Emanuel, and I would bring him back from Japan, and I would appoint him chairman of the Democratic National Committee," prominent political consultant David Axelrod, who ran both of Obama's successful presidential campaigns, said Wednesday on his podcast.
Axelrod followed up the next day with a post on X, the social platform formerly known as Twitter, in which he wrote of Emanuel, "Dude knows how to fight and win."
Reaction came fast and furious, with Jonathan Cohn, policy director at the group Progressive Massachusetts, asking on the social network Bluesky, "How is this not a sick joke?"
Center for International Policy executive vice president Matt Duss, a former foreign policy adviser to Sen. Bernie Sanders (I-Vt.) writing on X that "if you assembled a team of top scientists and told them to come up with a plan to ensure that the Democratic Party continues to lose working-class voters, I doubt they could do better than 'Make Rahm Emanuel head of the DNC.'"
Comedian, author, and podcaster Kate Willett
said on X: "If I had to pick one individual who set the stage for what seems like it may be decades of Trumpism, it's Rahm Emanuel. Imagine if Obama had saved peoples' homes in 2008 and put the bankers in jail? Truly fixed healthcare? Rahm worked diligently to make sure that didn't happen."
Miles Kampf-Lassin, the senior editor at the progressive website
In These Times, wrote, "I've said it before and can't believe I have to say it again: No amount of rebranding can change the fact that Rahm Emanuel's political career has been an abject failure—neoliberal centrism is exactly the wrong direction for the Democratic Party."
Hafiz Rashid argued Friday in a
New Republicarticle that, if he wins the post, Emanuel could be "the worst possible DNC chair."
"The fact that Emanuel has been disconnected from local and state politics for years... seems unlikely to help," Rashid asserted. "Democrats are currently expected to tap someone with expertise at the grassroots level and an understanding of how Democrats are winning elections now—two things Emanuel sorely lacks."
Apparently questioning the strategic wisdom of Vice President Kamala Harris' failed Democratic presidential run, Warren Gunnels, a staff director for Sanders,
said on X, "Ruling Elite: Let's get Dick Cheney's endorsement and anoint Rahm Emanuel as DNC Chair."
"One word," he added. "No."
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Wall Street Banks Accused of Trying to Sabotage Key Consumer Protection Rule
"The CFPB must stop this ploy by the biggest banks to keep us trapped under their thumbs."
Nov 15, 2024
Consumer advocates applauded last month as the Consumer Financial Protection Bureau finalized a rule aimed at making it easier for people to switch financial institutions if they're unhappy with a bank's service, without the bank retaining their personal data—but on Thursday, more than a dozen groups warned the CFPB that major Wall Street firms are trying to stop Americans from benefiting from the rule.
Several advocacy groups, led by the Demand Progress Education Fund, wrote to CFPB director Rohit Chopra warning that major banks—including JP Morgan Chase, Bank of America, Citi, TD Bank, and Wells Fargo—sit on the board of the Financial Data Exchange (FDX), which has applied to the bureau for standard-setting body (SSB) status, which would give it authority over what is commonly known as the "open banking rule."
Standard-setting authority for the banks would present a major conflict of interest, said the groups.
The banks are also on the board of the Bank Policy Institute, which promptly filed what the consumer advocates called a "frivolous lawsuit" to block the open banking rule when it was introduced last month, claiming it will keep banks from protecting customer data.
At a panel discussion this week, Bank of America CEO Brian Moynihan also said the open banking rule, by requiring financial firms to unlock a consumer's financial data and transfer it to another provider for free, would cause "chaos" and amplify concerns over fraud.
"The American people are fed up with Wall Street controlling every aspect of their lives and the open banking rule is an opportunity to give all of us some financial freedom."
The groups wrote on Thursday that big banks want to continue to "maintain their dominance by making it unduly difficult for consumers to switch institutions."
"The presence of these organizations on both the FDX and BPI boards undermines the credibility of FDX and presents various concerns relating to conflict of interest, interlocking directorate, and antitrust law," they wrote.
Upon introducing the finalized rule last month, Chopra said the action would "give people more power to get better rates and service on bank accounts, credit cards, and more" and help those who are "stuck in financial products with lousy rates and service."
The coalition of consumer advocacy groups—including Public Citizen, the American Economic Liberties Project, and Americans for Financial Reform—urged Chopra to reject FDX's application for standard-setting authority so long as the banks remain on its board.
“It would be a flagrant conflict of interest for the same banks who are suing to block the open banking rule because it threatens their market dominance to also be in charge of implementing it," said Demand Progress Education Fund corporate power director Emily Peterson-Cassin. "The American people are fed up with Wall Street controlling every aspect of their lives and the open banking rule is an opportunity to give all of us some financial freedom. The CFPB must stop this ploy by the biggest banks to keep us trapped under their thumbs."
The groups called the open banking rule "a historic step forward for the cause of giving consumers true freedom intheir financial lives."
"For this reason, it is imperative that SSB status not be granted to an organization whose board members are, either directly or through a trade association they are participating in, suing the CFPB to stop the rules from taking effect, particularly when such members may be ethically conflicted from such dual participation," said the groups. "By rejecting SSB status for FDX or any other organization with similar conflicts of interest pertaining to Section 1033, the CFPB will help prevent big banks from sabotaging open banking rules."
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