Business for Shared Prosperity

Jeff Bounds and Kent Hoover
Dallas Business Journal, December 18, 2009

Sweeping legislation that would re-regulate much of the financial services industry drew fire in North Texas this week, with critics complaining that much of the bill will make credit more expensive and harder to get. It would, among other things, create an agency to protect consumers from what are perceived to be unfair financial products and services.

By Alison Vekshin and Lorraine Woellert
Bloomberg, Dec 10, 2009

The U.S. House will resume debate on legislation to toughen rules policing Wall Street today after lawmakers clashed over an industry-supported fund the government would use when unwinding failed systemically important firms.

Republicans, who oppose the measure, called the provision for a $150 billion account a perpetual government bailout while Democrats defended it as a way to prevent taxpayers from propping up ailing financial firms in the future.

Americans for Financial Reform
CONTACT: Lauren Weiner, 202-470-5870

Congressman Ellison, Small Business Owners Voice Support For Consumer Financial Watchdog

Ahead Of House Vote On Reform Package, Small Businesses Press The Need For A Strong CFPA

Statement in Support of Consumer Financial Protection Agency, Margot Dorfman, CEO, U.S. Women's Chamber of Commerce

Market News International, Dec 9, 2009

WASHINGTON (MNI) - While the House vote on the creation of the Consumer Financial Protection was delayed Wednesday, supporters and opponents kept up their battle.

Two small businesses and the Vice President of the National Association of Small Business owners, Margot Dorfman, told reporters that they need such an agency.

Elizabeth Warren "sums it up very well", said Dorfman, quoting the woman who the Obama administration is expected to name as head of the new agency when congressional Democrats use their majority to make it happen.

http://www.businessforsharedprosperity.org/quotes

Taxing the Rich
Bloomberg TV, Oct 20, 2009
Watch here: http://www.clipsyndicate.com/video/play/1147227

By Carmen Blanco
Catholic News Service, Aug 11, 2009

Workers in 30 states and the District of Columbia have been impacted by the [July] 24 increase in the federal minimum wage from $6.55 to $7.25 per hour, but the question of whether the increase will help or hurt the economy remains to be seen.

By David R. Francis
Economic Scene, Christian Science Monitor, August 11, 2009

Petition is one sign that the idealistic wealthy are not a small minority.

Raise my taxes, says millionaire Chuck Collins.

The scion of the Oscar Mayer family supports a House panel’s healthcare plan that would boost taxes for families earning more than $350,000 a year. He also advocates ending the Bush tax cuts for the rich right away, rather than when they expire at the start of 2011, and closing foreign tax havens to Americans.

Arul Menezes
Op-Ed distributed by McClatchy Tribune News, Aug 5, 2009

In recent weeks, there has been a lot of discussion about raising taxes on the wealthy. As a higher-income person who would pay such taxes, I have no objection.

I grew up in India and came to the United States in 1988. I attended graduate school at Stanford and have since had a successful career in the technology industry. There is no other country in the world where this could have happened.