I think the rest of us would call them loopholes and tax shelters that they have used to drive down their liability.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
How is it possible that Amazon was able to rake in profits like that and pay only a four--I think it is about a 4.3-percent tax rate, when the corporate income tax rate was 21 percent?
The American Rescue Plan is the beginning of a new era--where we invest directly in the people who make our country work.
This is the investment we need that will defeat the virus, rescue the economy, and begin the work of building a better system for the future.
So after the 2008 financial crisis, Congress passed the Dodd-Frank Act to put more cops on the beat and prevent Wall Street from wrecking our economy again.
When the party is going strong, it is the job of the regulators to take away the punch bowl.
I am grateful to you and President Biden for your leadership in enacting the American Rescue Plan.
Does potentially a $9 trillion investment company pose some risk to the American economy if it should fail?
When we funnel money to Wall Street and the largest corporations and the richest tiny sliver of people, it never trickles down to the rest of us.
We need to take seriously the threat that climate change presents to our financial system.
By ignoring climate risk, the Fed and other banking agencies are allowing politics rather than science to determine the course of their action.
We can't let Wall Street write the rules and rely upon the disproven strategy of self-regulation.
Voluntary self-regulation from big banks sufficient to protect our financial system from climate risks?
It is their jobs, their savings, and their futures on the line. It is our job to be on their side.
If we do not tell people the truth and take this seriously, we know who pays the price.
It is going to be the ranchers in North Dakota and South Dakota, the line cook in New Orleans, the kindergartner with asthma in Las Vegas, the steel worker in Cleveland, the clerk in New Hampshire.
If you are not well off and able to pay out of your own pocket for everything you need to live at home, or if you do not have a family member who can drop everything to help, you are pretty much on your own here.
Seniors who choose to live in nursing homes deserve the highest quality care, and the administration must strengthen nursing home standards in the wake of this pandemic.





