Newsflash:
Thursday, 10 April 2014 13:29

Nurses and lawmakers resume push for financial transactions tax

Written by  Mark Gruenberg | People's World
Nurses and lawmakers resume push for financial transactions tax National Nurses United Robin Hood Tax Flickr page https://www.flickr.com/photos/robinhoodtaxusa/

WASHINGTON (PAI)--Saying it would raise money, curb speculators and force the financial finaglers who caused the Great Recession to partially pay for its impact on you and me, National Nurses United and the Congressional Progressive Caucus relaunched their drive for a financial transactions tax.

Caucus co-chair Keith Ellison, D-Minn., reintroduced the measure, HR1579, "The Inclusive Prosperity Act,"on April 4, the anniversary of the murder of Dr. Martin Luther King Jr.  Ellison said it would also be a step towards the economic equality King advocated. 

HR1579 would impose a small tax on each transaction by a stockbroker, hedge fund, investment banker or other financiers.  Economists estimate it would raise up to $350 billion.

"A lot of people in Washington like to talk about reducing the debt and deficits.  Well, if you really care about reducing the deficit, how about asking Wall Street speculators to pay their fair share?" Ellison said.  "We can make a more balanced and predictable market and help cover our nation's expenses" for education, infrastructure and health care, he added.  The revenue will also reduce the federal deficit, he said.

And HR1579 "will add a tax of a fraction of a percent on transactions made by the same Wall Street firms and stock traders who crashed our economy in 2008." 

Ellison, NNU and another speaker at the rally, William Lucy, the retired AFSCME Secretary-Treasurer who worked with King, all advocated "The Robin Hood Tax."  Ellison then turned the microphone over to NNU co-president Sandy Falwell, RN.

"America is our patient," she said.  "The Inclusive Prosperity Act is a vital step to funding programs Dr. King stood for.  Registered nurses are on the front lines of this calamity as many of the patients we care for in hospitals around the country are coming to us with multiple illnesses aggravated by poverty and a delay in seeking care because they simply cannot afford it.  They have to choose to eat or get health care.

"Too many people in this country are forced to choose whether to take medications or try to pay their rent, and in a country such as ours with such tremendous wealth, this is unconscionable," Falwell declared.

"The Inclusive Prosperity Act really is a vehicle to continue the work of Martin Luther King Jr.," said Lucy.  King was murdered in 1968 while campaigning for oppressed Memphis, Tenn., sanitation workers, who wanted to unionize and get decent wages and working conditions.  "The sanitation workers of Memphis wanted decency and dignity," Lucy said.  "Keith Ellison wants economic fairness.  I applaud him."

 

Original article on People's World

Read 6131 times

PDA In Your State

Progressive Round Table

Please make plans to join us for the July Progressive Round Table. We will focus on Declaring our Independence from Wall Street and Corporate Control. Please join Progressive Democrats of America and many others Wednesday, July 16 from 1 to 3pm in Rayburn 2103. Livestreamed anywhere you are by We Act Radio. Featuring: Andrea Miller - Detroit Water Shutoff Update Rep. Keith Ellison (HR 1579 - Inclusive Prosperity Act) Rep. Jim McGovern (HJ Res20 & 21 - Corporations are NOT People and Money is NOT Speech) Rep. Jim McDermott - HR 4754 - Managed Carbon Price Act of 2014 Rep. Mark Pocan - Trans Pacific Partnership Emily Wurth - Food and Water Watch Public Banking - BankAct - Marc Armstrong Robin Hood Tax Campaign - Kenn Zinn,National Nurses United Jacqui Nantier - We Are Woman - ERA and Voting Rights DC Rally American Sustainable Business Council - Stephen Shaff Labor Campaign for Single Payer - Mark Dudzic Trey Hawkins - Credit Union National Association Witold Skwierczynski - AFGE - Stop the closing of Social Security Offices Please contact Andrea Miller andrea@pdamerica.org for more information about how to get involved with PDA, and / or with PDA's July Round Table meeting. Hope you can join us!

PDA's July Congressional Roundtable


PDA’s July Congressional Roundtable
PDA June Roundtable
PDA June Roundtable
7007 sec.
Views: 164
PDA’s Progressive Roundtable
PDA's Progressive Roundtable
4978 sec.
Views: 196
PDA April Roundtable
PDA April Roundtable
6526 sec.
Views: 141

Sign the Petition - Sen. Sanders Run as a Democrat in 2016

Button-SandersPetition

PDA in the Media