Take on Wall Street
Take on Wall Street is a coalition of more than 20 labor unions and activist groups whose goal is to reform the financial industry, hoping to take advantage of bipartisan anger toward Wall Street.[1]
Formed in 2016, its members, including the AFL-CIO, American Federation of Teachers, and Communications Workers of America have as their first goal the elimination of the “carried interest loophole”, while also hoping to break up big banks, revive the 1933 Glass-Steagall Act (which was repealed in 1999 under the Clinton Administration), and implement a financial transaction tax.[1]
References[edit]
- ↑ 1.0 1.1 Renae Merle (24 May 2016). "The Occupy movement has grown up — and looks to inflict real pain on big banks". Washington Post.
Capitalizing on populist anger toward Wall Street, a coalition of more than 20 labor unions and activist groups on Tuesday launched a new campaign to reform the financial industry. The group, Take On Wall Street, plans to combine the efforts of some of the Democratic Party’s biggest traditional backers, from the American Federation of Teachers and the AFL-CIO to the Communications Workers of America. The group says it will aim to turn the public’s lingering anger at the financial sector into policy initiatives that could change the way that Wall Street works.
External links[edit]
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