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freshwest

(53,661 posts)
15. Actions taken on financial transaction taxes:
Thu Dec 20, 2012, 01:43 PM
Dec 2012
The Better Bargain: Transaction Tax, Not Austerity

On the eve of Occupy Wall Street’s first anniversary, Congressman Keith Ellison introduced a much-needed common sense bill: HR 6411, the Inclusive Prosperity Act. The bill taxes financial transactions to generate revenue for social needs. Amid our consensus-narrowed, deficit-obsessed political debate, it’s a call to arms, and a breath of fresh air.

As I’ve often argued, a financial transaction tax is deeply pragmatic, broadly popular and sorely needed. At a time when budget slashing is a bipartisan obsession, it offers vital revenue. As we struggle to escape the recession wrought by the 1 percent, it presents a simple solution to discourage speculation. As progressives fight too many defensive battles, the financial transaction tax presents an urgent opportunity to go on offense...

But the FTT would never have made it thus far without sustained and savvy organizing. Groups like National Nurses United, National People’s Action, and Health GAP have been tenacious in forcing the FTT onto the agenda. Their European counterparts have forged a critical mass of support within the EU. And they’re backed on both sides of the pond by a slew of economists and financial professionals who wield common sense against Chicken Little lobbyists...

Ellison’s bill would raise up to $350 billion through a small tax on stock, bond, derivative and currency trading.


http://www.commondreams.org/view/2012/09/26-10

That is from the link, that I found here:

http://www.democraticunderground.com/10021424128

Keith Ellison is one of the members of the Congressional Progressive Caucus.

...Of the 20 standing committees of the House in the 111th Congress, 10 were chaired by members of the CPC. Those chairmen were replaced when the Republicans took control of the House in the 112th Congress...

All members are members of the Democratic Party or caucus with the Democratic Party. There are currently 76 declared Progressives, including 73 voting Representatives, two non-voting Delegates, and one Senator.

House members:

[edit] Arizona

* Ed Pastor (AZ-4, Phoenix)
* Raúl Grijalva (AZ-7, Tucson) - Co-Chair

[edit] California

* Lynn Woolsey (CA-6, Santa Rosa) Retired in 2012
* George Miller (CA-7, Richmond)
* Barbara Lee (CA-9, Oakland)
* Pete Stark (CA-13, Fremont) Defeated in 2012
* Janice Hahn (CA-36, San Pedro)
* Michael Honda (CA-15, San Jose)
* Sam Farr (CA-17, Monterey)
* Xavier Becerra (CA-31, Los Angeles)
* Judy Chu (CA-32, El Monte)
* Karen Bass (CA-33, Baldwin Hills)
* Lucille Roybal-Allard (CA-34, Los Angeles)
* Maxine Waters (CA-35, Inglewood)
* Laura Richardson (CA-37, Long Beach) Defeated in 2012
* Linda Sánchez (CA-39, Lakewood)
* Bob Filner (CA-51, San Diego)

[edit] Colorado

* Jared Polis (CO-02, Boulder)

[edit] Connecticut

* Rosa DeLauro (CT-3, New Haven)

[edit] Florida

* Corrine Brown (FL-3, Jacksonville)
* Frederica Wilson (FL-17, Miami)

[edit] Georgia

* Hank Johnson (GA-4, Lithonia)
* John Lewis (GA-5, Atlanta)

[edit] Hawaii

* Mazie Hirono (HI-2, Honolulu) Elected to the Senate

[edit] Illinois

* Bobby Rush (IL-1, Chicago)
* Jesse Jackson, Jr. (IL-2, Chicago Heights), resigned his house seat on November 21, 2012
* Luis Gutierrez (IL-4, Chicago)
* Danny Davis (IL-7, Chicago)
* Jan Schakowsky (IL-9, Chicago)

[edit] Indiana

* André Carson (IN-7, Indianapolis)

[edit] Iowa

* Dave Loebsack (IA-2, Cedar Rapids)

[edit] Maine

* Chellie Pingree (ME-1, North Haven)

[edit] Maryland

* Donna Edwards (MD-4, Fort Washington)
* Elijah Cummings (MD-7, Baltimore)

[edit] Massachusetts

* John Olver (MA-1, Amherst) Retired in 2012
* Jim McGovern (MA-3, Worcester)
* Barney Frank (MA-4, Newton) Retired in 2012
* John Tierney (MA-6, Salem)
* Ed Markey (MA-7, Malden)
* Mike Capuano (MA-8, Boston)

[edit] Michigan

* John Conyers (MI-14, Detroit)
* Hansen Clarke (MI-13, Detroit) Defeated in 2012 - primary

[edit] Minnesota

* Keith Ellison (MN-5, Minneapolis) - Co-Chair

[edit] Mississippi

* Bennie Thompson (MS-2, Bolton)

[edit] Missouri

* William Lacy Clay, Jr. (MO-1, St. Louis)
* Emanuel Cleaver (MO-5, Kansas City) - Chairman, Congressional Black Caucus

[edit] New Jersey

* Frank Pallone (NJ-06, Long Branch)
* Rush Holt (NJ-12, Hopewell Township)

[edit] New Mexico

* Ben R. Luján (NM-3, Santa Fe)

[edit] New York

* Jerry Nadler (NY-8, Manhattan)
* Yvette Clarke (NY-11, Brooklyn)
* Nydia Velázquez (NY-12, Brooklyn)
* Carolyn Maloney (NY-14, Manhattan)
* Charles Rangel (NY-15, Harlem)
* José Serrano (NY-16, Bronx)
* Maurice Hinchey (NY-22, Saugerties) Retired in 2012
* Louise Slaughter (NY-28, Rochester)

[edit] North Carolina

* Mel Watt (NC-12, Charlotte)
* Brad Miller (NC-13, Raleigh) Retired in 2012

[edit] Ohio

* Marcy Kaptur (OH-9, Toledo)
* Dennis Kucinich (OH-10, Cleveland) Defeated in 2012 - primary
* Marcia Fudge (OH-11, Warrensville Heights)

[edit] Oregon

* Earl Blumenauer (OR-3, Portland)
* Suzanne Bonamici (OR-1, Beaverton)
* Peter DeFazio (OR-4, Eugene)

[edit] Pennsylvania

* Bob Brady (PA-1, Philadelphia)
* Chaka Fattah (PA-2, Philadelphia)

[edit] Rhode Island

* David Cicilline (RI-1, Providence)

[edit] Tennessee

* Steve Cohen (TN-9, Memphis)

[edit] Texas

* Sheila Jackson Lee (TX-18, Houston)
* Eddie Bernice Johnson (TX-30, Dallas)

[edit] Vermont

* Peter Welch (VT-At Large)

[edit] Virginia

* Jim Moran (VA-8, Alexandria)

[edit] Washington

* Jim McDermott (WA-7, Seattle)

[edit] Wisconsin

* Tammy Baldwin (WI-2, Madison) Elected to the Senate
* Gwen Moore (WI-4, Milwaukee)

[edit] Non-voting

* Donna M. Christensen (Virgin Islands)
* Eleanor Holmes Norton (District of Columbia)

Senate members:

* Bernie Sanders (Vermont)

http://en.wikipedia.org/wiki/Congressional_Progressive_Caucus

Nobody has the cojones to do so. recd. nt raccoon Dec 2012 #1
It's been asked. GeorgeGist Dec 2012 #2
because it would take more money from rich folks instead of giving them a back door tax cut tk2kewl Dec 2012 #3
Rich folks like the overpaid news-readers from Sunday closeupready Dec 2012 #29
Because the fix is in and has been in for a long time. Ganja Ninja Dec 2012 #4
Just way too easy ... and corp. MSM wouldn't want this, they thrive on controversy as $$$$$ rolls in RKP5637 Dec 2012 #5
Because rich people own our politicians Kelvin Mace Dec 2012 #6
Also a stock transaction tax. And tax investment like labor. CrispyQ Dec 2012 #7
bingo noiretextatique Dec 2012 #8
+1000 nt abelenkpe Dec 2012 #12
Actions taken on financial transaction taxes: freshwest Dec 2012 #15
Thank you for taking the time to put this together. CrispyQ Dec 2012 #21
You're welcome. This is something we can do to give them leverage. They keep records... freshwest Dec 2012 #22
Thanks still_one Dec 2012 #24
You're welcome. Don't forget: freshwest Dec 2012 #26
They have. May want to read the threads about bills by Begich and Sanders on this: freshwest Dec 2012 #9
I see my two dem senators aren't on that list. CrispyQ Dec 2012 #10
Yes it is! My two Democratic senators are there, though. Keep up the pressure. freshwest Dec 2012 #13
I have. I'm sure Bernie has, and SS is not a problem Autumn Dec 2012 #11
This! CrispyQ Dec 2012 #14
Whenever anyone votes for a scorpion, they should not be truedelphi Dec 2012 #27
A lot of truth to those old fables Autumn Dec 2012 #28
the same reason they don't talk about Iceland. The Job Creators (TM) would have a sad. corkhead Dec 2012 #16
Kicked and recommended. Uncle Joe Dec 2012 #17
Obama "CAMPAIGNED" on Raising -the-Cap in 2008. bvar22 Dec 2012 #18
Didn't he also campaign against mandated health insurance? CrispyQ Dec 2012 #19
Yes. He did. bvar22 Dec 2012 #20
It's just that it's beginning to feel a lot like . . . CrispyQ Dec 2012 #23
Because the people they listen to don't instruct them to. n/t jtuck004 Dec 2012 #25
'cause there ain't one effin' Repub in either House of Congress who would support any higher tax on indepat Dec 2012 #30
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