Now that the election and its tidal wave of dark money spending has passed, hopefully Congress will get to the process of governing. Granted, forging bipartisan alliances will be even more important as we usher in a new Congress, but holding Wall Street accountable for the financial crisis and reining in high speed trading is something leaders on both sides of the aisle should be able to get behind.
That’s why this fall Public Citizen and a diverse coalition of consumer, labor and economic policy groups hosted a congressional briefing outlining the benefits of a Wall Street Tax (sometimes called a Financial Transaction Tax or Robin Hood Tax) and explaining the great progress that’s taking place in Europe on this issue. But we’ve yet to gain even one Republican co-sponsor to this commonsense policy.
People — individual voices of constituents — are one of the best ways to get the attention of reluctant congressmembers. That’s where you come in. Public Citizen supporters like you have achieved some huge victories and reach very important milestones and we are calling on you to help us win another fight against Wall Street.
If you haven’t already done so, please send an email to your lawmaker in support of the tiny Wall Street Tax (three cents for every $100 traded) that would raise over $352 billion in less than a decade. Then take the next steps to help us win a Wall Street Tax: Watch and share the video below and share the image of Public Citizen President Robert Weissman calling for a Wall Street Tax.
And, if you’re super social media savvy, below are some shareable image macros that can help us get out the word about the benefits of a Wall Street Tax. If you’re using Twitter, don’t forget to use the hashtags #WallStTax and #FTT.
Robert Weissman is right when he says a Wall Street tax is too good an idea not to win. The question is not if, but when will we win. The power of the people is the only thing that will help us break through the Big Bank’s opposition and have lawmakers take a stand to choose Main Street over Wall Street. You can help us achieve that win sooner than later.
Susan Harley is the deputy director of Public Citizen’s Congress Watch division.