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|
|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.
|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|
© 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.