Connect the Dots
Let’s look at retirement and connect the dots...
... a year or $33K a minute is skimmed from our retirements due to loopholes that allow brokers to pitch Us investments that are in their best interest, not ours.
The Department of Labor has proposed a new rule that would require financial advisors to act as fiduciaries and provide advice that is always in our best interest, just like lawyers or doctors are required to do.
The estimated retirement savings for hard working Americans if the Department of Labor is able to implement these new conflict of interest rules.
Wall St and the financial services industry have spent millions on political contributions, lobbying and lawsuits to block these new rules that would better protect our retirement savings.
Sources: New York Times, Market Watch, Save Our Retirement
Let’s look at equal pay and connect the dots...
The amount women get paid for every dollar their male counterparts earn.
… of Americans believe it is extremely important that women earn equal pay for equal work.
The first year the Paycheck Fairness Act, federal legislation to close the gender pay gap, was introduced.
The U.S. Chamber of Commerce and other special interests have lobbied heavily against the Paycheck Fairness Act and killed the bill for nearly a decade.
Sources: National Partnership for Women & Families, National Women's Law Center, Congress.Gov
Let’s look at prescription drug prices and connect the dots...
Big Pharma drug companies deploy their lobbyists and call in their campaign donation chits to win passage of a law prohibiting Medicare officials from negotiating with the industry for fair prices. The law is still in place.
The taxpayer tab for the first ten years of this sweetheart deal.
Total profits of the biggest pharmaceutical companies during that same ten-year period.
Sources: Washington Post, CBO, Health Care for American Now
Let’s look at tax policy and connect the dots...
The number of mega-companies that funded the majority of the U.S. Chamber of Commerce’s operations in 2009 to ensure that the Chamber carries water for big corporations.
The Chamber has spent millions in political contributions and successfully lobbied Congress on tax policy.
Tax liability over the last four years for companies like Prudential, Mattel and General Electric.
How much more in taxes do small business owners have to pay because corporate special interests have created and exploited tax loopholes?
Sources: U.S. Chamber Watch, Open Secrets, Citizens for Tax Justice
Let’s look at recent bank deregulation and connect the dots...
The total amount Wall Street banks and financial interests reported spending on lobbying and campaign contributions in the 2015-2016 election cycle. That's $2.7 million per day.
Number of Goldman Sachs alumni with top posts in the Trump Administration, overseeing our nation's economy.
Congressional Republicans are charging ahead on the financial industry’s top priority, the “Choice Act,” which would eviscerate Wall Street reforms enacted to protect consumers and investors in the wake of the 2008 market crash. The Wall Street crowd is seeing a pretty good return on investment (ROI) for that $2 billion.
Sources: The New York Times, Americans for Financial Reform
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U.S. Business Group Lobbying Surged As Tax Reform Took Shape
• Jan 22, 2018
Reuters Staff, Reuters
Lobbying by U.S. business groups including the U.S. Chamber of Commerce and the Business Roundtable surged in the last three months of 2017 as lawmakers negotiated and finalized legislation that deeply cut the taxes companies pay.
Companies That Funded Trump’s Inauguration Came Up Big in 2017
• Jan 19, 2018
Alex Baumgart, OpenSecrets
President Donald Trump’s inaugural committee raised a record $107 million with the help of wealthy benefactors but also through donations from more than 200 corporations and anonymous LLCs, some of which held government contracts.
Why the CFPB has become one of Washington's biggest battlegrounds
• Nov 27, 2017
Patrick Temple-West, Politico
Richard Cordray, who resigned on Friday from his post as director of the Consumer Financial Protection Bureau, ignited an unexpected succession fight with President Donald Trump over the agency during the weekend.
Voices from around the country.
I’m 24 years old, recently out of college, and finally entering the work force. As an active voter, it disappoints me as an American that millionaires and billionaires are able to make my one vote seem more and more insignificant with each passing election. The size of their wallets and ability to open up massive pipelines of cash into the political process will never stop me from supporting those who have my best interest at heart. HR 20 stands up for me and millions of Americans who might not be able to write those hefty checks but find the value of casting their ballot on Election Day to be just as significant.