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Nurses Welcome Renewal of Sen. Sanders’ Bills to Heal America and Provide College for All

by rht4people
April 3, 2017
in Press Release
0
Bernie Sanders

Wall Street Speculation Fee Could Raise $300 Billion a Year

Today Sen. Bernie Sanders’ re-introduced of two Senate bills to raise critical revenue to pay for college education for all and other essential community needs with a small tax on Wall Street speculation.

The College for All Act would eliminate undergraduate college tuition fees for students attending public colleges and universities, reform student loans, and expand work-study programs.

The bill is an important step for eradicating student debt, currently pegged at more than $1 trillion and the fastest growing form of consumer debt, as well as expanding educational and employment opportunity. Rep. Pramila Jayapal will introduce a House version of the bill today.

It also puts the U.S. on a path embraced by other nations that already provide free college education including Brazil, Chile, Finland, France, Germany, Norway, Slovenia, and Sweden.

Sanders’ other bill, the Inclusive Prosperity Act, parallels HR 1144, which was re-introduced in February by Rep. Keith Ellison with 18 House co-sponsors. The proposal would help reinvest in American families and communities by providing the resources for jobs and healthcare for all, affordable housing, eradicating HIV/AIDS and fighting poverty, environmental justice and the climate crisis.

The revenue stream for both bills is patterned after financial transaction taxes that exist in other global major economic markets.

Economists estimate that a tiny surcharge of no more than a nickel on every $10 in trades of stocks, bond, and derivatives —a tax that is proportionally smaller than what most Americans pay for a pair of shoes – could increase revenues collected by the Treasury Department by as much as $300 billion annually.

“Free college education, as many other countries already provide, is opens the door for greater economic opportunity, reducing income inequality, and a better life for all Americans,” said NNU Executive Director RoseAnn DeMoro.

In support of the College for All Act, Caitlyn Thomas, a Washington DC RN, today recalled that she graduated from college in 2009 “with thousands of dollars in student loan debt. The only job I could get was working in a hospital lab that didn’t provide healthcare benefits. I couldn’t afford rent and had to move back home with my parents. I had doctor’s bills I couldn’t afford to pay. Eventually I was able to go back to school to earn my nursing degree. But that meant even more student debt. I know I am not alone. There are tens of millions of people just like me.”

“At a time when so many in Washington promote austerity budgets and drastic cuts in essential programs from healthcare to environmental protections to education, the Robin Hood tax is a progressive response to providing the resources our communities need,” DeMoro said. “Once again, Sen. Sanders is demonstrating the leadership that is a broad yearning across the country.”

The fees set by the bills would not affect households earning less than $75,000 annually. Instead, its principal targets are the wealthiest Americans whose reckless speculation fueled the 2008 recession: bankers, brokers, and rich investors who own most of the nation’s stocks and bonds.

It would also slow the growth of automated high frequency trading, which makes the stock market more dangerous. A small tax would make risky HFT unprofitable, and help reduce the excess speculation on commodities like food and gas that drives up prices, which will protect the economy from computer-generated collapses and market manipulation.

Almost 30 nations have some form of a financial transaction tax and the U.S. had a similar tax from 1914 until 1966. The United Kingdom has had a tax on stock trades for decades — the same rate proposed in the two bills and their volume of trading has grown robustly. European Union members continue to discuss implementation of their own financial transaction tax.

In the U.S., the Robin Hood Tax embodies a widespread campaign endorsed by 172 national organizations representing millions of members in unions, student, health, clergy, civil rights, environmental and community organizations, and other consumer and activist groups.

Tags: Bernie SandersCollege for All ActInclusive Prosperity Act
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Twitter

NationalNursesNationalNursesUnited@NationalNurses·
23 Jun 2019

“Our movement is #MedicareForAll — not watered-down, we are not accepting anything less.

This is our moment.

This is our time.

We are rising.”

Martese Chism, RN, tells @ABC News that guaranteed health care for all is a civil rights issue. #thisweek https://t.co/zCIDLFSpUX

Reply on TwitterRetweet on Twitter75Like on Twitter126Twitter
NationalNursesNationalNursesUnited@NationalNurses·
16 Feb 2019

Get ready for the people’s #MedicareForAll movement like you’ve never seen it before!

Reply on TwitterRetweet on Twitter67Like on Twitter129Twitter
Fightfor15LAFight for $15 LA@Fightfor15LA·
14 Jan 2019

Los Angeles is turning out in force for our students and educators. Rain can't stop us. Billionaires can't stop us. Union busters can't stop us. We'll be fighting for as long as it takes! #FightFor15 #LAUSDStrike #UTLAStrong

Reply on TwitterRetweet on Twitter52Like on Twitter100Twitter
RashidaTlaibRashida Tlaib@RashidaTlaib·
6 Dec 2018

Gary Cohen, former CEO Goldman Sachs addressing new members of Congress today: "You guys are way over your head, you don't know how the game is played."

No Gary, YOU don't know what's coming - a revolutionary Congress that puts people over profits. https://t.co/ZLML2qzAW6

Reply on TwitterRetweet on Twitter10194Like on Twitter44752Twitter
AOCAlexandria Ocasio-Cortez@AOC·
6 Dec 2018

Our “bipartisan” Congressional orientation is cohosted by a corporate lobbyist group. Other members have quietly expressed to me their concern that this wasn’t told to us in advance.

Lobbyists are here. Goldman Sachs is here. Where‘s labor? Activists?Frontline community leaders?

Reply on TwitterRetweet on Twitter15567Like on Twitter69652Twitter
NNUBonnieBonnie Castillo@NNUBonnie·
6 Dec 2018

Vet @will_c_fischer explains PRIVATIZATION:

“It's a fancy way of saying we’re taking tax dollars out of the VA & putting it into the pockets of millionaires & billionaires"

It's up to us to defend the VA, USPS & more from being sold off to the highest bidder. #ThursdayThoughts

Reply on TwitterRetweet on Twitter116Like on Twitter174Twitter
democracynowDemocracy Now!@democracynow·
30 Nov 2018

Medicare for All: As Healthcare Costs Soar, Momentum Grows to Guarantee Healthcare for All Americans https://t.co/4KpxmRKHf7

Reply on TwitterRetweet on Twitter41Like on Twitter63Twitter
NNUBonnieBonnie Castillo@NNUBonnie·
30 Nov 2018

✅ FACT: Americans spend the most per person on health care, twice as much as other wealthy nations.

✅ FACT: The US ranks 64th in the world in life-expectancy.

🤔 How can both be true?

We have a for-profit health care system.

🤔 The solution?

Nurses say: #MedicareForAll!

Reply on TwitterRetweet on Twitter483Like on Twitter1169Twitter
RobinHoodTaxRobin Hood Tax@RobinHoodTax·
28 Nov 2018

“Workplace organizing helps level inequality in wages and working conditions, and women and workers of color would benefit the most from unionization.”
#WednesdayWisdom

https://t.co/KpXW8mwxYd

Reply on TwitterRetweet on Twitter8Like on Twitter6Twitter
RobinHoodTaxRobin Hood Tax@RobinHoodTax·
27 Nov 2018

Corporations don’t need tax breaks.
👉🏼14,700 jobs are being cut by General Motors despite making billions in profit.
👉🏼Over the past decade, the company has received billions in tax breaks and subsidies from both Canada and the U.S.

https://t.co/91yrcs2kFA

Reply on TwitterRetweet on Twitter12Like on Twitter13Twitter
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The Robin Hood Tax is a tiny financial transaction tax on Wall Street (less than one half of 1%) that could generate $300 billion annually. It will kickstart the economy by funding College For All, creating jobs, and strengthening public services like healthcare, education, and infrastructure at home — while tackling AIDS, global health, poverty, and climate challenges around the world.
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