Spread the Word on Facebook
Spread the Word on Twitter
- Coalition Letter Urging the Super Congress to Cut Fossil Fuel Subsidies (PDF)
- Public Citizen Statement on Taxing Financial Speculation
- In-Depth Resources on the Financial Transactions Tax from the Center for Economic and Policy Research
- Public Citizen's Work Advocating Clean Energy
- Public Citizen's Work Advocating Financial Reform
Join Our Social Networks
Tell the Super Congress:
Tax Wall Street and Cut Fossil Fuel Subsidies
The 12-member Super Congress is in the process of figuring out how to reduce the national deficit.
So far, the deficit discussion has been dominated by nonsense. Much of it has focused on huge cuts to Medicare and Social Security as well as other important programs.
We’re going to introduce some sense to the nonsense, and show them how to reduce the deficit by $1.1 trillion over 10 years.
Fossil fuel subsidies are a commonsense place to make cuts.
The polluting profiteers in the oil, coal and gas industries do not need taxpayer money. Over the least decade, the largest oil and gas companies alone reaped more than $1 trillion in profits. Ending fossil fuel subsidies would reduce national debt by $122 billion over ten years.
Wall Street is a commonsense place to increase revenue.
A very small tax on short-term speculation on Wall Street would boost federal revenue by $100 billion a year. This financial transactions tax would also create a disincentive for Wall Street’s riskiest practices – many of which continue despite the fact that these risky practices led to the economic collapse in 2008.
Sign the Petition to the Super Congress
We, the undersigned, call on the 12-member Joint Select Committee on Deficit Reduction (a.k.a. Super Congress) to end fossil fuel subsidies and enact a financial transactions tax. Doing so would reduce the deficit by more than an estimated $1.1 trillion over 10 years.
Add Your Name to the Petition Below
|Number||Date||Name||Add a Comment|
|14450||Fri Oct 28 12:09:47 EDT 2011||Cathy Schrott|
|14449||Fri Oct 28 12:00:08 EDT 2011||Kimberly Wiley|
|14448||Fri Oct 28 11:11:01 EDT 2011||Julia Ranft|
|14447||Fri Oct 28 09:43:46 EDT 2011||tim gabbert|
|14446||Fri Oct 28 05:27:09 EDT 2011||William Hackett|
|14445||Thu Oct 27 23:33:37 EDT 2011||Anonymous|
|14444||Thu Oct 27 21:57:19 EDT 2011||Anonymous|
|14443||Thu Oct 27 21:23:37 EDT 2011||Andrea Peterson|
|14442||Thu Oct 27 20:58:11 EDT 2011||daisy swadesh|
|14441||Thu Oct 27 20:39:54 EDT 2011||NATHANA MARUNICH|
|14440||Thu Oct 27 19:35:50 EDT 2011||van brown|
|14439||Thu Oct 27 18:10:18 EDT 2011||Ann White|
|14438||Thu Oct 27 17:59:00 EDT 2011||Lee Forrest|
|14437||Thu Oct 27 17:43:23 EDT 2011||Andrea Callahan||Capitalism is supposed to work in way that lets consumers choose our future course. If you subsidize fossil fuels, that gives fossil fuel companies an exceptional advantage in the marketplace. If we ever More....|
|14436||Thu Oct 27 17:08:15 EDT 2011||Christopher Bush|
|14435||Thu Oct 27 17:07:06 EDT 2011||JOYCE BALDWIN|
|14434||Thu Oct 27 16:45:34 EDT 2011||Donna Authelet|
|14433||Thu Oct 27 16:09:49 EDT 2011||Robert&Mary Swain|
|14432||Thu Oct 27 15:54:41 EDT 2011||Michael Deagon|
|14431||Thu Oct 27 14:57:45 EDT 2011||Anonymous||Politicians! Please take stock! We want you to work for the common good of the people and not corporations!|
|14430||Thu Oct 27 14:53:35 EDT 2011||Margaret Pegher||We pay into these "entitlements", so we are entitled to get them. So, expand the programs, don't cut them and make the 1% of free-loaders, the million and billionaires, pay for these programs--that way, More....|
|14429||Thu Oct 27 14:42:18 EDT 2011||Monika Kordas||Please prove to me that youre time in office is spent truely representing the American public - and NOT providing a service to the business sector - or all the other people whos pockets are deep enough More....|
|14428||Thu Oct 27 14:29:00 EDT 2011||David Dulin||I think that the people and organizations who are in favor and profit from wars should start paying their fair share of taxes to support it. Stealing my social security and medicare shouldn't even be More....|
|14427||Thu Oct 27 14:12:54 EDT 2011||Neil Haller|
|14426||Thu Oct 27 14:01:58 EDT 2011||Anonymous|
© Public Citizen. This Web site is shared by Public Citizen Inc. and Public Citizen Foundation. Learn more about the distinction between these two components of Public Citizen.