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- 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
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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|
|14400||Wed Oct 26 13:43:26 EDT 2011||Mark Hein|
|14399||Wed Oct 26 13:01:05 EDT 2011||Richard Stallman|
|14398||Wed Oct 26 12:49:54 EDT 2011||Sue Fitzpatrick|
|14397||Wed Oct 26 12:13:41 EDT 2011||Maureen Conliss|
|14396||Wed Oct 26 08:13:49 EDT 2011||Steve Overton|
|14395||Wed Oct 26 02:36:53 EDT 2011||Richard Black|
|14394||Wed Oct 26 02:01:27 EDT 2011||Tracy Holthaus|
|14393||Tue Oct 25 23:42:38 EDT 2011||Wayne Mullins|
|14392||Tue Oct 25 23:17:24 EDT 2011||Michael Wenger||Wall Street has proven itself to be the engine of economic destruction, fueled by unregulated and unmitigated greed. The fossil fuel industry will pollute and combust our way into environmental no-mans More....|
|14391||Tue Oct 25 22:59:37 EDT 2011||Karen Graham||Oil companies don't need susidies. They already have tremendous profits. They need to do everything they can to protect our environment. No more getting paid to rape the land and sea.|
|14390||Tue Oct 25 22:42:40 EDT 2011||Ted Neumann|
|14389||Tue Oct 25 22:20:17 EDT 2011||Anonymous|
|14388||Tue Oct 25 21:57:11 EDT 2011||Daryl Ross|
|14387||Tue Oct 25 20:42:55 EDT 2011||Phil Rourk|
|14386||Tue Oct 25 20:40:10 EDT 2011||Lynn Conover|
|14385||Tue Oct 25 20:38:31 EDT 2011||caleb robertson||Its time for that good ole positive change...|
|14384||Tue Oct 25 20:33:35 EDT 2011||Frank Tonhazy|
|14383||Tue Oct 25 20:12:44 EDT 2011||Henry Jones|
|14382||Tue Oct 25 19:43:59 EDT 2011||Susan Perez|
|14381||Tue Oct 25 19:03:42 EDT 2011||david gifford|
|14380||Tue Oct 25 18:33:56 EDT 2011||Gregory Gilbert|
|14379||Tue Oct 25 18:10:20 EDT 2011||Naomi Schechter|
|14378||Tue Oct 25 16:45:27 EDT 2011||Kimberly Abbott|
|14377||Tue Oct 25 16:26:19 EDT 2011||Donald Cowan|
|14376||Tue Oct 25 16:02:23 EDT 2011||melissa miller||oil companies don't need subsidies,out of work Americans do.|
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