A new analysis by USA Today shows that the American Recovery and Reinvestment Act(Recovery Act), which cut taxes for 98 percent of all Americans, helped bring taxes down to the lowest level since 1950. The report states that: · “One-third of last year’s $862 billion economic stimulus [under the Recovery Act] went for tax cuts.…
For years, the big banks and Wall Street CEOs set the rules of the road and stacked the deck to guarantee themselves billions in bonuses, all at the expense of their investors. The Restoring American Financial Stability Act would give investors better protections, give shareholders more of a voice, and grant the SEC more authority. …
Washington, DC—Nevada Senator Harry Reid released the following statement today after the Senate voted to pass the Sanders amendment to Wall Street accountability legislation. This amendment creates greater transparency at the Federal Reserve and holds big banks accountable: “Nevadans want us to hold Wall Street accountable and protect families from the reckless behavior that…
The Senate will convene at 10:00am and resume consideration of the Restoring American Financial Stability Act of 2010 (S.3217) The Senate will recess from 12:30pm until 2:15pm for the weekly caucus luncheons.