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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
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- 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|
|14550||Sat Nov 12 00:36:37 EST 2011||Nancy Hepp|
|14549||Fri Nov 11 18:38:42 EST 2011||Janice Foss|
|14548||Fri Nov 11 16:37:08 EST 2011||Montie VanNostrand|
|14547||Fri Nov 11 16:25:04 EST 2011||anne baumann||Prove that you are not a bunch of corporate shills. Do the right thing and support the common good over speculators and oil billionaires. I know it won't be easy with all their money trying to buy your More....|
|14546||Fri Nov 11 11:56:08 EST 2011||Steven Stansbery|
|14545||Fri Nov 11 06:06:00 EST 2011||Richard Sllen||It's more important to do right than to be right.|
|14544||Fri Nov 11 03:00:50 EST 2011||David Julien|
|14543||Thu Nov 10 20:51:44 EST 2011||Vicki Corley|
|14542||Thu Nov 10 20:31:04 EST 2011||Frank Smith|
|14541||Thu Nov 10 19:04:00 EST 2011||Mark Herman|
|14540||Thu Nov 10 00:55:09 EST 2011||Tom Kaimakides|
|14539||Tue Nov 08 20:54:18 EST 2011||June|
|14538||Tue Nov 08 19:05:39 EST 2011||Linda Groom|
|14537||Mon Nov 07 22:20:41 EST 2011||Rachel Neff|
|14536||Mon Nov 07 16:32:16 EST 2011||Thomas O'Neill|
|14535||Mon Nov 07 11:45:07 EST 2011||Douglas Kinney, D.M.D., Maj. U.S. Army (Ret.)|
|14534||Sun Nov 06 15:20:34 EST 2011||Joe Giambrone|
|14533||Sun Nov 06 12:17:13 EST 2011||Tracie Kern||Caring for people and the environment|
|14532||Sun Nov 06 08:28:17 EST 2011||Bonnie|
|14531||Sat Nov 05 21:11:44 EDT 2011||Beulah Tillisch|
|14530||Sat Nov 05 20:13:01 EDT 2011||Carol Vanek|
|14529||Sat Nov 05 18:33:28 EDT 2011||Karen Thaw||No more subsidies to big oil. No more offshore leases for offshore drilling. For conservation of both our oceans and their wildlife.
Subsidies for alternative energy: Utility companies in More....
|14528||Sat Nov 05 17:23:39 EDT 2011||Rev Crow Swimsaway PhD|
|14527||Sat Nov 05 11:29:13 EDT 2011||Douglas & Irene Best||Go where the money is - tax the rich. It's a no brainer, show your brain. Also why do companies that profit in the billions, like oil, gas and coal, get subsidies. Again, like I said, a no brainer - More....|
|14526||Sat Nov 05 04:45:54 EDT 2011||Andres Garcia|
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