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

This petition is no longer active.
226-250 of 14575 signatures
Number Date Name Add a Comment
14350 Tue Oct 25 00:23:04 EDT 2011 Christine Ramos
14349 Mon Oct 24 23:55:37 EDT 2011 Anonymous
14348 Mon Oct 24 23:03:44 EDT 2011 Matthew Scaglione
14347 Mon Oct 24 22:47:21 EDT 2011 William Flynn People first, not corporations
14346 Mon Oct 24 22:18:14 EDT 2011 Susan Spengler Doesn't it make sense to go where the money is----oil rich industries who have been subsidized and wall street financiers who have hugh bonuses as the majority have flat wages, lost jobs, foreclosed homes. More....
14345 Mon Oct 24 21:56:28 EDT 2011 Frank & Janet Loudin
14344 Mon Oct 24 21:40:36 EDT 2011 Robert Haddleton
14343 Mon Oct 24 21:36:29 EDT 2011 Mary Thomas
14342 Mon Oct 24 21:30:15 EDT 2011 peter kinney The best thing to do to end the deficit is this action suggested by public citizen.
Peter
14341 Mon Oct 24 20:58:57 EDT 2011 Doug Jambard-Sweet
14340 Mon Oct 24 20:58:13 EDT 2011 Vince
14339 Mon Oct 24 20:38:51 EDT 2011 Toni piazzon We need the US to meet and surpass China in their proactive policies for clean energy and attacking climate change.
14338 Mon Oct 24 20:03:34 EDT 2011 Anonymous
14337 Mon Oct 24 19:06:16 EDT 2011 Anonymous The fossil fuel industry doesn't need a govt handout. Wall street can't self regulate.
14336 Mon Oct 24 19:04:52 EDT 2011 Pamela Lucas Please raise federal income from sources that no longer deserve subsidizing, if they ever did. Cut the gifts to the fossil fuel industries and Wall Street gamblers.
14335 Mon Oct 24 18:55:59 EDT 2011 Jack Rosen
14334 Mon Oct 24 18:50:35 EDT 2011 Gerson Lesser Please end subsidies to the over profitable fossil fuel companies. This will substantially reduce our deficit.
14333 Mon Oct 24 18:33:21 EDT 2011 Sarah Tiers
14332 Mon Oct 24 18:29:12 EDT 2011 Martha Morton
14331 Mon Oct 24 18:18:04 EDT 2011 Michael Jordan
14330 Mon Oct 24 18:16:44 EDT 2011 Marilyn Mullins Fossil fuel subsidies should be cut, especially oil subsidies. It makes good sense to put a small tax on short-term speculation on Wall Street transactions. It's about time Congress tried to make good More....
14329 Mon Oct 24 17:33:00 EDT 2011 Richard Rouse
14328 Mon Oct 24 17:32:47 EDT 2011 Allison Saft
14327 Mon Oct 24 17:30:26 EDT 2011 Natasha Brenner
14326 Mon Oct 24 17:25:19 EDT 2011 Avis Deck
<- Prev Next ->

© 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.