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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The GOP is working stealthily to shred health and financial protections for ordinary Americans
• Jun 13, 2017
Katrina vanden Heuvel, The Washington Post
The bars opened early in Washington and elsewhere last Thursday, as more than 19 million Americans tuned in when the networks and cable news channels carried live former FBI director James B. Comey’s riveting testimony in the intensifying scandals around President Trump. The media covers Trump’s derelictions 24/7. Not surprisingly, Democrats tend to talk about what grabs the most airtime.
Lilly Ledbetter: Time to end the wage gap for women
• Jan 29, 2016
USA Today By: Lilly Ledbetter
The first bill President Obama signed into law his first year in office was, to my great pride, the Lilly Ledbetter Fair Pay Act. During his final year in office, it is my hope that we can witness a new spate of progress on equal pay for women.
The act that bears my name was a step forward for women, families, and the bedrock American values of fairness and equality. Yet on its seven-year anniversary, we still have a gender gap on wages.State legislators and advocates from around the country are launching a “week of action” to draw attention to that gap and how it can be closed.
When I learned that I had been paid significantly less than my male counterparts at the Goodyear plant in Gadsen, Ala., I filed a federal civil rights lawsuit. Yet in its 2007 Ledbetter v. Goodyear ruling, the Supreme Court ruled against me because I filed my challenge long after the 180-day statute of limitations had ended. Because of the way the law was written, it didn’t matter that I was unaware of the wage discrimination during that time window.
Bank Lobby Disappointed That Budget Bill Doesn't Block Investor Protection Rule
• Dec 16, 2015
International Business Times By: Owen Davis
Big Finance woke up Wednesday to a big disappointment: The budget bill hammered out by Congress over the past several months carries no provision blocking the Labor Department from going forward with its so-called fiduciary rule, which would require financial advisers to act in the best interest of their clients. Stymieing the rule, which was backed by President Obama and Democrats aligned with Massachusetts Sen. Elizabeth Warren, had been a major goal of insurance sellers and big banks.
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.