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|
|14375||Tue Oct 25 15:57:44 EDT 2011||Anonymous|
|14374||Tue Oct 25 15:34:17 EDT 2011||VINCENT LONGOBARDO|
|14373||Tue Oct 25 14:53:31 EDT 2011||Donald Greene|
|14372||Tue Oct 25 14:12:11 EDT 2011||Laura Genna|
|14371||Tue Oct 25 14:06:19 EDT 2011||Leon De King||Restore the Carter Era taxes on the rich!|
|14370||Tue Oct 25 14:05:10 EDT 2011||diane trembly|
|14369||Tue Oct 25 13:56:02 EDT 2011||Lynn Learch|
|14368||Tue Oct 25 13:13:52 EDT 2011||George and Kathleen O'Connell||RESTORE THE TAXES FOR THE RICH DURING THE CARTER ADMINISTRATION.
THOSE TAX RATES WERE FAIR.
|14367||Tue Oct 25 12:31:17 EDT 2011||Diane Terhune|
|14366||Tue Oct 25 12:20:28 EDT 2011||Carolyn Fernandez||I am the 99% and I am furious about corporate greed and the politicians it buys!
Stop the cuts to the middle class and poor and make the wealthy pay their fair share!!!
|14365||Tue Oct 25 12:09:35 EDT 2011||Charlotte Reynolds||Consider AMERICAN CITIZENS...NOT Wall Street & Mega Corporations!!!!!|
|14364||Tue Oct 25 11:55:46 EDT 2011||Darral Faas|
|14363||Tue Oct 25 11:45:44 EDT 2011||Karen Starchvick||subsidizing fossil fuels makes absolutely no sense in the current economy and when we need to be exploring alternative fuels, not encouraging more oil use.|
|14362||Tue Oct 25 11:35:02 EDT 2011||Keith Fabing||Why are my tax dollars going to Big Oil? This is and has always been a complete and utter looting of the treasury. Stop it now and forever.|
|14361||Tue Oct 25 10:53:20 EDT 2011||David Carnese|
|14360||Tue Oct 25 10:21:03 EDT 2011||Richard Riggs||We are already paying a fee to the stock companies for buying and selling stocks, a few more cents as a tax wouldn't affect my 100 share trades much and might pay for much needed regualtion. Money to the More....|
|14359||Tue Oct 25 09:16:11 EDT 2011||JOHN|
|14358||Tue Oct 25 09:05:33 EDT 2011||Rachel Girshick||Entitlement programs for the wealthy MUST be stopped! We can NOT afford them, our current econimc crisis is due to their thievery!|
|14357||Tue Oct 25 07:09:26 EDT 2011||Linda Graham||Those financially culpable must be held accountable, including political malfeasance.|
|14356||Tue Oct 25 06:22:11 EDT 2011||Carlos Echevarria|
|14355||Tue Oct 25 02:50:22 EDT 2011||j crum-vanlandingham|
|14354||Tue Oct 25 02:50:21 EDT 2011||j crum-vanlandingham|
|14353||Tue Oct 25 02:46:51 EDT 2011||E|
|14352||Tue Oct 25 01:50:31 EDT 2011||Doreen|
|14351||Tue Oct 25 00:35:38 EDT 2011||jim`` kruse|
© 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.