Action by Voters from Six Key States Could Stop the Tax Scam

Hugh J. Campbell

Hugh J. Campbell Son of a steelworker, Philadelphia, Pa.

The American Sustainable Business Council’s Senior Tax Analyst, John O'Neill asks supporters to immediately target the following seven “on the fence” Republican Senators a very close vote, on the vitally important tax bill with long-term repercussions:

Sen. James Lankford (R, OK) – Concerned about the federal debt.

Sen. Ron Johnson (R, WI) – Concerned that the tax bill does too little to help small business.

Sen. Susan Collins (R, ME) – Concerned about the wealthy getting most benefit.

Sen. Jeff Flake (R, AZ) – Concerned about how the bill will affect the sick and grow the debt.

Sen. John McCain (R, AZ) – Concerned that the bill’s not following regular order and does too much for the rich.

Sen. Marco Rubio (R, FL) and Sen. Mike Lee (R, UT) – Concerned that the tax bill does too little for working families while cutting the top corporate tax rate to 21 percent from 35 percent.

The long-term repercussions include:

  • Adding $1.5 trillion to the federal deficit, forcing cuts to essential federal programs, and reducing spending on items like infrastructure and education that strengthen our economy.
  • Creating a territorial tax that will make U.S.-based businesses less competitive and allow multinational corporations to continue to evade their fair share of taxes.
  • Ignoring the needs of  working Americans and the middle class, whose consumer spending drives the economy as a whole.

This bill will take our economy in the wrong direction.

Swaying the small number of senators necessary to kill this bill will pay long-term dividends.

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Hugh Campbell is a seasoned financial professional, currently providing subject matter expertise on a variety of regulatory topics, including the Dodd-Frank Act, the Foreign Account Tax Compliance Act (FATCA) and overall compliance monitoring. Hugh has previously held positions as Chief Risk Officer (CRO), Chief Audit Executive (CAE) and Director of Sarbanes-Oxley (SOX) Compliance.

Posted In: Union Matters

Union Matters

A Few Hundred Million Good Reasons Not to Care

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

Millions of American families are still reeling from the aftershocks of the financial crash a dozen years ago. But a key architect of that debacle, Countrywide Financial CEO Angelo Mozilo, is feeling no pain — and no remorse either. In the decade before the crash, Mozilo took $650 million out of Countrywide, a hefty chunk of that just before the subprime mortgage scam Countrywide exploited started to implode. Earlier this month, Angelo described Countrywide as a “great company” at a conference appearance and declared subprimes as “not the cause at all” of the nation’s 2007-2008 financial wreckage. Added Mozilo: “Somehow — for some unknown reason — I got blamed.” The former CEO is acknowledging that all the blame did at one point bother him. And now? The famously always tanned Mozilo notes simply: “I don’t care.” 

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Every Worker's Right

Every Worker's Right