September, 17 2012, 04:22pm EDT

For Immediate Release
Contact:
Carl Ginsburg 917-405-1060 or Charles Idelson, 510-273-2246
Robin Hood Tax Bill Introduced In Congress
HR-6411: To Tax Wall Street; Real Revenue for Critical National, International Needs
NEW YORK
The U.S. Robin Hood Tax Campaign today applauded the introduction in Congress of a bill that would impose a tax on Wall Street speculation. Introduced by Rep. Keith Ellison, HR 6411, the Inclusive Prosperity Act, would raise up to $350 billion in annual revenues that would be used to breathe new life into Main Street communities across America, as well as international health, sustainable prosperity and environmental programs.
The legislation embodies the Robin Hood Tax, a 0.5% tax on the trading of stocks, 50 cents on every $100 of trades, and lesser rates on trading in bonds, derivatives and currencies. It marks the return of a sales tax on financial transactions in place from 1914 to 1966 and targets the high-risk, high-speed trading that dominates the markets.
"The American public provided hundreds of billions to bailout Wall Street during the global fiscal crisis yet bore the brunt of the crisis with lost jobs and reduced household wealth," said Rep. Ellison in a press statement. "This is a phenomenally wealthy nation, yet our tax and regulatory system allowed the financial titans to amass great riches while impoverishing the systems that enable inclusive prosperity. A financial transaction tax protects our financial markets from speculation and provides the revenue needed to invest in the education, health and communities of the American people."
The legislation's goal is to raise meaningful tax revenue dedicated to low- and moderate-income families by strengthening the social safety net and by expanding investments to protect health, rebuilding infrastructure and creating good-paying jobs. The tax is also to target international needs, including AIDS treatment, research and prevention and for other critical assistance.
"Congressman Ellison is showing great leadership for our country," said Jean Ross, RN, co-president of National Nurses United. "HR-6411 is a critical step to generate the revenue for the healing and recovery our Main Street communities across the nation so desperately need. From coast to coast, nurses, health care, AIDS, environmental, labor, faith community and other community activists have come together calling for a Robin Hood tax on financial speculation so that Wall Street will help pay to reverse the damage its reckless behavior caused to our economy. This is a small, common sense tax, already in place and working wonderfully well in dozens of countries across the world. America is ready for the Robin Hood tax."
"Last summer, scientists proved that we can actually end the AIDS pandemic if we just scale up our investment in treatment and prevention programs," said Jennifer Flynn, managing director of Health GAP (Global Access Project). "But when we go to Congress, all we hear about are budget cuts. We need to increase revenue and the Robin Hood Tax is the best of all proposals to do just that."
"This tiny tax on Wall Street will make our economy more stable and more fair. The U.S. once had a Robin Hood Tax and we were better off for it, it's time to bring it back," said Liz Ryan Murray, policy director for National People's Action.
"In its essentials, the idea of a financial market transaction tax is simple," said economist Robert Pollin, co-director, Political Economy Research Institute (PERI), University of Massachusetts-Amherst. "It would mean that financial market traders would pay a small fee to the government every time they purchased any financial market instrument, including all stock, bond, options, futures, and swap trades. This would be the equivalent of sales taxes that Americans have long paid every time they buy an automobile, shirt, baseball glove, airline ticket, or pack of chewing gum, eat at a restaurant, or have their hair cut."
The Robin Hood Tax also helps to control the volume of speculation engulfing the financial markets, where risky bets are causing instability and sidelining billions in funds that might otherwise be directed to a productive economy. And the sales tax assists in curtailing speculation in food and fuel markets, where bets on these essentials are causing spikes in prices and serious shortages.
The introduction of H.R. 6411 came on the eve of the One Year Anniversary of Occupy Wall Street. Occupy's call to stop the policies of inequality of the 1% continues to resonate across this country and beyond. Robin Hood Tax campaigners today joined Occupy activists at a labor solidarity event at Zuccotti Park in New York City, and then carried the message to offices of financial institutions to demand imposition of the Robin Hood Tax.
National Nurses United, with close to 185,000 members in every state, is the largest union and professional association of registered nurses in US history.
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Calls Mount for US to Provide Free School Meals to All Children
"Hiving off a tiny part of the public school bundle and charging a means-tested fee for it is extremely stupid," argues Matt Bruenig.
Mar 20, 2023
Minnesota last week became just the fourth U.S. state to guarantee universal free school meals, triggering a fresh wave of demands and arguments for a similar federal policy to feed kids.
"Universal school meals is now law in Minnesota!" Democratic U.S. Rep. Ilhan Omar, who represents the state, tweeted Monday. "Now, we need to pass our Universal School Meals Program Act to guarantee free school meals to every child across the country."
Omar's proposal, spearheaded in the upper chamber by Sen. Bernie Sanders (I-Vt.), "would permanently provide free breakfast, lunch, dinner, and a snack to all school children regardless of income, eliminate school meal debt, and strengthen local economies by incentivizing local food procurement," the lawmakers' offices explained in 2021.
Congressional Republicans last year blocked the continuation of a Covid-19 policy enabling public schools to provide free breakfast and lunch to all 50 million children, and now, many families face rising debt over childrens' cafeteria charges.
"The school bus service doesn't charge fares. Neither should the school lunch service."
Matt Bruenig, founder of the People's Policy Project, highlighted Monday that while children who attend public schools generally have not only free education but also free access to bathrooms, textbooks, computer equipment, playgrounds, gyms, and sports gear, "around the middle of each school day, the free schooling service is briefly suspended for lunch."
"How much each kid is charged is based on their family income except that, if a kid lives in a school or school district where 40% or more of the kids are eligible for free lunch, then they are also eligible for free lunch even if their family income would otherwise be too high," he detailed. "Before Covid, in 2019, 68.1% of the kids were charged $0, 5.8% were charged $0.40, and 26.1% were charged the full $4.33... The total cost of the 4.9 billion meals is around $21 billion per year. In 2019, user fees covered $5.6 billion of this cost."
Bruenig—whose own child has access to free school meals because of the community eligibility program—continued:
The approximately $5.6 billion of school lunch fees collected in 2019 were equal to 0.7% of the total cost of K-12 schooling. In order to collect these fees, each school district has to set up a school lunch payments system, often by contracting with third-party providers like Global Payments. They also have to set up a system for dealing with kids who are not enrolled in the free lunch program but who show up to school with no money in their school lunch account or in their pockets. In this scenario, schools will either have to make the kid go without lunch, give them a free lunch for the day (but not too many times), or give them a lunch while assigning their lunch account a debt.
Eligibility for the $0 and $0.40 lunches is based on income, but this does not mean that everyone with an eligible income successfully signs up for the program. As with all means-tested programs, the application of the means test not only excludes people with ineligible incomes, but also people with eligible incomes who fail to successfully navigate the red tape of the welfare bureaucracy.
The think tank leader tore into arguments against universal free meals for kids, declaring that "hiving off a tiny part of the public school bundle and charging a means-tested fee for it is extremely stupid."
Bruenig pointed out that socializing the cost of child benefits like school meals helps "equalize the conditions of similarly-situated families with different numbers of children" and "smooths incomes across the lifecycle by ensuring that, when people have kids, their household financial situation remains mostly the same."
"Indeed, this is actually the case for the welfare state as whole, not just child benefits," the expert emphasized, explaining that like older adults and those with disabilities, children cannot and should not work, which "makes it impossible to receive personal labor income, meaning that some other non-labor income system is required."
Conservative opponents of free school lunches often claim that "fees serve an important pedagogical function in society to get people to understand personal responsibility" and because they "are means-tested, they serve an important income-redistributive function in society," he noted. "Both arguments are hard to take seriously."
Pushing back against the first claim, Bruenig stressed that right-wingers don't apply it to other aspects of free schooling such as bus services. He also wrote that the means-testing claim "is both untrue and at odds with their general attitudes on, not just redistribution, but on how child benefit programs specifically should be structured."
A tax for everyone with a certain income intended to make up the $5.6 billion in school meal fees, he argued, "would have a larger base and thus represent a smaller share of the income of each person taxed and such a tax would smooth incomes over time," while also eliminating means-testing—which would allow schools to feed all kids and ditch costly payment systems.
As Nora De La Cour reported Sunday for Jacobin: "The fight for school meals traces its roots all the way back to maternalist Progressive Era efforts to shield children and workers from the ravages of unregulated capitalism. In her bookThe Labor of Lunch: Why We Need Real Food and Real Jobs in American Public Schools, Jennifer Gaddis describes how early school lunch crusaders envisioned meal programs that would be integral to schools' educational missions, immersing students in hands-on learning about nutrition, gardening, food preparation, and home economics. Staffed by duly compensated professionals, these programs would collectivize and elevate care work, making it possible for mothers of all economic classes to efficiently nourish their young."
Now, families who experienced the positive impact of the pandemic-era program want more from the federal government.
"When schools adopt universal meals through community eligibility or another program, we see improvements in students' academic performance, behavior, attendance, and psychosocial functioning," wrote De La Cour, whose reporting also includes parent and cafeteria worker perspectives. "Above all, the implementation of universal meals causes meal participation to shoot up, demonstrating that the need far exceeds the number of kids who are able to get certified."
Crystal FitzSimons, director of school-based programs at the Food Research and Action Center (FRAC), told Jacobin, "There is a feeling that we can't go back."
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'The Fight Continues' in France as Macron Government Survives No-Confidence Vote
Protests—some of them violently repressed by police—broke out in Paris and cities across the nation after a parliamentary vote following the government's deeply unpopular move to raise the retirement age by two years.
Mar 20, 2023
Fresh protests erupted in Paris and other French cities on Monday after President Emmanuel Macron's government narrowly survived a pair of parliamentary no-confidence votes over bypassing the lower house of Parliament to raise the retirement age from 62 to 64.
The first parliamentary vote of no confidence, called by a small group of centrist lawmakers, fell nine votes short of the 278 needed to pass, Agence France-Presse reports. A second no-confidence vote, brought forward by the far-right National Rally, was also rejected.
The French Senate, which is dominated by right-wing parties, approved the higher retirement age last week. However, faced with the prospect of a vote shortfall in the National Assembly, Macron's government then invoked special constitutional powers to push through the retirement age hike.
The deeply unpopular policy has sparked widespread protests, some of which have drawn hundreds of thousands of people into the streets despite government bans on gatherings in locations including Place de la Concorde and the area of Avenue des Champs-Elysées in Paris.
Protests renewed following Monday's votes, with thousands of demonstrators marching in Paris alone. Videos posted on social media showed police charging protesters, spraying them with pepper spray, and beating them. One video showed officers brutalizing a person who appeared to be a photojournalist while an onlooker repeatedly shouted "it's the press!"
"We are not resigned," the Aubervilliers parliamentary group of the left-wing populist party La France Insoumise (LFI), or France Unbowed, tweeted Monday. "The fight against retirement reforms continues. All together in the street until the retirement of this unjust and illegitimate reform!"
LFI's parliamentary group in Haute-Garonne—which includes the southern city of Tolouse—tweeted that "Macron is more isolated than ever."
"The fight continues tonight," the party group said, previewing a Monday evening demonstration.
French unions are calling for a nationwide general strike on Thursday.
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Tens of Thousands of LA Teachers to Strike in Solidarity With Support Workers
"How do we properly service our students when we are being overworked and underpaid and disrespected?" asked one special education assistant.
Mar 20, 2023
Demanding "respect and dignity" for tens of thousands of school support workers who help the Los Angeles Unified School District run, the union that represents 35,000 teachers in the city has called on its members to join a three-day strike starting Tuesday as school support staffers fight for a living wage.
Members of the Service Employees International Union (SEIU) Local 99 "work so hard for our students," said United Teachers of Los Angeles (UTLA) on Monday. "They deserve respect and dignity at work. We will be out in force tomorrow to make sure they get it."
Roughly 65,000 teachers and support professionals including bus drivers, cafeteria workers, teaching aides, and grounds workers are expected to walk out from Tuesday through Thursday this week, nearly a year after SEIU Local 99 entered contract negotiations with LAUSD, the second-largest school district in the United States.
The union is calling for a 30% pay increase for its members, who earn an average of $25,000 per year, or roughly $12 per hour. According to the MIT Living Wage Calculator, a living wage in the Los Angeles area is more than $21 per hour for a single person with no children and far more for people with children.
"I am a single mother and for the past 20 years I have worked two and sometimes three jobs just to support my family," Janette Verbera, a special education assistant, told In These Times Monday. "How do we properly service our students when we are being overworked and underpaid and disrespected?"
The school district offered a 20% overall pay increase spread over several years on Friday, along with a one-time 5% bonus.
Liz Shuler, president of the AFL-CIO, noted that LAUSD has a $4.9 billion surplus and said the district must use those funds to "invest in staff, students, and educators."
SEIU Local 99 members voted to authorize a strike in February, and said the limited three-day action is a protest against the district's negotiating tactics.
LAUSD has claimed the strike is unlawful and that workers are actually staging the walkout over pay without having exhausted all bargaining avenues. A state board over the weekend denied the district's request to block the strike.
As In These Timesreported, negotiations between the district and SEIU Local 99—as well as separate ongoing talks with the teachers' union about educators' contracts—are being led by Superintendent Alberto M. Carvalho, "whose $440,000 salary is nearly 10 times that of a starting salary for a LAUSD teacher."
"LAUSD won't get away with underfunding our schools," tweeted UTLA last week. "This is for our students, for our communities and for our lives."
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