Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

The march to Goldman Sachs headquarters on Tuesday

"Join the resistance to drain the swamp." (Photo: Y/Twitter)

'Government Sachs': Protesters Dressed as Swamp Creatures Launch Sit-In at Goldman HQ

Creative action calls out Trump's failure to "drain the swamp" just as new report finds that treasury secretary appointee Steve Mnuchin stands to personally gain $3.3 million in tax cuts from Trump tax plan

Nika Knight

Over 50 people, some dressed as swamp creatures, have launched a days-long sit-in at Goldman Sachs headquarters in New York City to protest President-elect Donald Trump's nomination of former Goldman executives to his cabinet.

"It's about highlighting the lie that was told to millions of people in this country, the lie that Trump was draining the swamp. If we really want the swamp to be drained, we have to do it ourselves and we're doing it by going to Goldman Sachs," Nelini Stamp of the Working Families party told Sarah Jaffe, writing at the Guardian.

Trump has nominated former partner Steve Mnuchin as treasury secretary, not to mention Goldman Sachs president Gary Cohn for the top economic post at the White House.

Steve Bannon, Trump's top advisor, also once worked for the firm (before he worked to fuel white supremacist views via far-right website Breitbart) and current Goldman executive Dina Powell "was named a senior adviser," Bloomberg reports.

"Steven Mnuchin was called 'Mr. Foreclosure' at OneWest and Goldman Sachs," pointed out protest participant Jean Sassine, who lost his job in the 2008 recession, in an interview with Jaffe. "Do you want Mr. Foreclosure to be secretary of the treasury?”

"Join the resistance to drain the swamp," says the website for the action, calling on people to fight against "Government Sachs."

The protesters are staunchly maintaining their occupation—even camping out and sleeping in the cold rain—until Friday's inauguration, demanding action from Trump:

Meanwhile, on Wednesday a new analysis from Americans for Tax Fairness, a coalition of  groups fighting for tax reform, shows Mnuchin stands to personally see an annual tax cut as high as $3.3 million under Trump's tax plan.

"Steven Mnuchin has stated that under Trump's tax plan '[t]here will be no absolute tax cut for the upper class,'" said Frank Clemente, executive director of Americans for Tax Fairness, in a statement. "But that's at complete odds with the tax plans proposed by candidate Trump and House Speaker Paul Ryan. At his confirmation hearing, Mnuchin should be grilled about how as treasury secretary he would fix those plans so that they meet his test. Given how much Mnuchin stands to personally gain from these tax plans, the public may view Mnuchin's confirmation as treasury secretary as akin to having the bank robber guard the bank."

Moreover, the coalition found that the if the GOP succeeds in repealing the Affordable Care Act (ACA), Mnuchin will see his tax bill drop by hundreds of thousands of dollars.

"The enormous tax breaks that will be given to Mnuchin and other wealthy Americans by repealing the ACA and enacting the Trump tax plan are a betrayal of working families," Clemente continued. "Mnuchin and his friends on Wall Street get a huge tax cut, but millions of families lose their healthcare."

"Mnuchin needs to answer the question: 'What will you do as Treasury Secretary to keep your pledge to working families that there ‘will be no absolute tax cut for the upper class?'"

Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.

Sanders Calls John Deere Threat to Take Away Striking Workers' Health Coverage 'Beyond Outrageous'

"Workers must be allowed to keep their healthcare during the strike," said the Vermont senator.

Julia Conley ·

Sanders to Host "What's in the Damn Bill" Online Panel Discussion About Democrats' Package

The Senate Budget Committee chair will be joined by other progressive lawmakers and leaders at 8:00 pm Wednesday.

Common Dreams staff ·

Don't Be Distracted by Possible Facebook Rebrand, Say Critics of Tech Behemoth

"Just to be clear, Facebook, our problem with you is not your name."

Brett Wilkins ·

'Who's Next?': Quebec Declares End to Fossil Fuel Extraction in Province

"In Canada and around the world, the pressure to end the expansion of oil and gas production will only continue to grow."

Andrea Germanos ·

Draft Report Accuses Bolsonaro of Crimes Against Humanity for Covid-19 Recklessness

"Many of these deaths were preventable," said one Brazilian senator. "I am personally convinced that he is responsible for escalating the slaughter."

Kenny Stancil ·

Support our work.

We are independent, non-profit, advertising-free and 100% reader supported.

Subscribe to our newsletter.

Quality journalism. Progressive values.
Direct to your inbox.

Subscribe to our Newsletter.

Common Dreams, Inc. Founded 1997. Registered 501(c3) Non-Profit | Privacy Policy
Common Dreams Logo