August, 02 2022, 09:28am EDT
For Immediate Release
Contact:
Tyler Kruse, Greenpeace USA Senior Communications Specialist, tkruse@greenpeace.org
Jean Su, Center for Biological Diversity, jsu@biologicaldiversity.org
Tonyisha Harris, Action for the Climate Emergency (ACE), tonyisha@acespace.org,
Activists Deliver 16-foot "Earth" into Biden's Hands as Nearly Half A Million Demand He Declare Climate Emergency
Greenpeace USA activists delivered a 16-foot inflatable Earth to the White House today along with nearly half a million petition signatures demanding that President Biden declare a climate emergency. The action, which symbolized that a livable planet is in Biden's hands, kicked off a day of climate emergency rallies in 19 cities across the country.
WASHINGTON
Greenpeace USA activists delivered a 16-foot inflatable Earth to the White House today along with nearly half a million petition signatures demanding that President Biden declare a climate emergency. The action, which symbolized that a livable planet is in Biden's hands, kicked off a day of climate emergency rallies in 19 cities across the country. Calls for President Biden to follow through on his climate promise continue to grow as the death tolls and long-term impacts from heatwaves, drought, floods, and other climate disasters rise.
18-year-old Gemma Gutierrez, Action for the Climate Emergency (ACE) Youth Advisory Board Member, said: "I am surrounded by the devastating effects of inaction: wildfires, hurricanes, flooding, and record-breaking heatwaves. Millions displaced, children poisoned by their own backyards, and living in certain zip codes cutting life expectancy in half. As a teenager calling for climate justice, I do so with the moral authority of someone whose future is on the line. We urgently need President Biden to declare a national climate emergency!"
Despite a big investment in renewable energy, the draft Inflation Reduction Act (IRA) currently being discussed in Congress falls short in addressing the out-of-control fossil fuel industry at the root of the climate crisis. By itself, the IRA is not enough to keep warming under 1.5 degrees and secure a livable future, and would lock in decades of fossil fuel pollution for communities in the Gulf Coast and Alaska.
The petitions launched by Greenpeace USA, Sunrise Movement, Dayenu: A Jewish Call to Climate Action, MoveOn, 350Merced, Food & Water Watch, Turtle Island Restoration Network, Climate Smart Missoula, Center for Biological Diversity, People vs Fossil Fuels, Climate Hawks Vote, Green New Deal Network, Honor the Earth, Action for the Climate Emergency (ACE), Third Act National, Mothers Out Front, Better Path Coalition, and 350Colorado provided President Biden with specific actions he should take to prevent a climate catastrophe and advance climate justice. These include:
- Working with Secretary of the Interior Deb Haaland to end fossil fuel leasing on public lands and waters to protect them from any further pollution, contamination, or destruction at the hands of Big Oil.
- Halting the export of crude oil by reinstating the export ban. The ban existed for 40 years, and since it was lifted US exports have skyrocketed, as have associated greenhouse gas emissions.
- Expanding on the June 6th order under the Defense Production Act to spur electric transportation development and create millions of good-paying union jobs.
Photos and video of the 16-foot Earth and petition delivery will be available later today.
Jean Su, Energy Justice program director, Center for Biological Diversity, said: "As Congress negotiates climate measures, President Biden must champion a package free of fossil fuel handouts and declare a climate emergency to deliver the robust, all-of-government response we need. By using his full arsenal of emergency and ordinary executive powers, Biden can take sweeping action to protect our climate and curb fossil fuels where Congress is failing to do so. Deadly floods, severe heat and destructive fires all tell us we're in a climate emergency, but no one has power like President Biden to confront it."
Winona LaDuke, Executive Director, Honor the Earth, said: "As prophesied by Anishinaabe people, we are now in the time of 7th Fire, the time when humanity chooses either the worn, scorched path or the fresh, green path. Regardless of what Congress does, President Biden must declare the climate emergency and expedite a justice-based transition from fatal fossils to real renewables. We turned out in record numbers to put him in office; let President Biden keep his promises and send a message to the nation and the world that climate doom is not our destiny - we choose the new green path."
Bill McKibben, Founder of Third Act, said: "The planet's climate is obviously in a state of emergency-alarms are going somewhere each day, as fire, flood, heat and drought remake the map. We must all do all we can-and for the president, that means declaring an emergency, both to bear witness to the truth, and to expand his power to do what he, above all others, can."
Ashley Thomson, senior climate campaigner at Greenpeace USA, said: "Last week more than 85 million people in the U.S. were under heat-related advisories and 41 states are in a drought. The climate emergency is happening. President Biden needs to act like it now if he wants to preserve a livable future."
Rabbi Jennie Rosenn, Founder & CEO of Dayenu: A Jewish Call to Climate Action, said: "Jewish law acknowledges the need for action at unprecedented times with the legal principle: hora'at sha'ah, for "times of urgent need" or "times of emergency." We find ourselves in such a time, and urgently need President Bident to deliver bold action not more polluting fossil fuels."
Karen Feridun, Co-founder, Better Path Coalition (PA): "President Biden doesn't need to declare a climate emergency. People across the globe have been doing that for years and have been ignored. What he needs to do now is hear them, acknowledge the emergency, and exercise the full extent of his executive powers to address it."
Greenpeace is a global, independent campaigning organization that uses peaceful protest and creative communication to expose global environmental problems and promote solutions that are essential to a green and peaceful future.
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Why Can't We Fund Universal Public Goods? Blame the Tax-Dodging Billionaire Nepo Babies
"In 2024, these billionaire families used their enormous wealth to make record-breaking political contributions to secure a GOP trifecta," reads a new report.
Dec 13, 2024
The children of the richest families in the U.S. are well-known for spending their vast wealth on frivolous luxuries—constructing a replica of a medieval church on their acres of property, in the case of banking heir Timothy Mellon, or starting a brand of T-shirts described by one critic as "terrible beyond your wildest imagination," as Wyatt Koch, nephew of Republican megadonors Charles and David, did.
But a report released by Americans for Tax Fairness (ATF) on Thursday shows how "billionaire nepo babies" don't just waste their families' fortunes. They also benefit from "a rigged system" that allows them to "pass that wealth down over generations without being properly taxed–often without being taxed at all."
In addition, the heirs of the country's biggest fortunes spend vast sums "to elect politicians who protect their unearned wealth and manipulate the country's economy in their favor," said ATF.
Along with Mellon and Koch, the report profiles Samuel Logan of the Scripps media dynasty; Nicola Peltz-Beckham, daughter of billionaire investor Nelson Peltz; Gabrielle Rubenstein, whose family has made its fortune in private equity; and President-elect Donald Trump's son, Eric Trump.
The nepo babies are part of a small group of billionaire families in the U.S. who benefit from tax loopholes that ensure little of their immense wealth ever goes to benefit the public good.
At least 90 billionaires have passed away over the last decade, leaving their beneficiaries $455 billion in collective wealth.
But according to ATF, "$255 billion (56%) of that amount was likely entirely exempt from the capital gains tax because of a special break called 'stepped up basis.'"
"Trump and his allies in Congress are doing their donors' bidding by rigging the system in their favor and pushing a $4 trillion giveaway to wealthy elites and giant corporations."
Without loopholes included the stepped up basis tax cut, the current estate tax on billionaires and centimillionaires would yield enough revenue to fund universal childcare, preschool, and paid family leave for U.S. workers, with hundreds of billions of dollars left over, according to ATF's report.
The wealthy heirs profiled in the report and their families are some of the Republican Party's top donors—contributing hundreds of millions of dollars to candidates including Trump in the hopes of securing even more tax cuts.
Mellon, for example, is Trump's "biggest supporter, giving $140 million to a pro-Trump PAC in 2024 alone," reads the report.
A previous analysis by ATF found that as of late October, just 150 billionaire families had spent $1.9 billion on the 2024 elections.
As the Center for American Progress found earlier this year, Trump's plan to extend the tax cuts that he pushed through in 2017 would cost $4 trillion over the next decade.
"The vast wealth inherited by centuries-old billionaire families is staggering. While these heirs and their billions go undertaxed, enormous sums are squandered on lavish mansions, private jets, and vanity projects instead of funding crucial public investments," said ATF executive director David Kass. "In 2024, these billionaire families used their enormous wealth to make record-breaking political contributions to secure a GOP trifecta. Now, Trump and his allies in Congress are doing their donors' bidding by rigging the system in their favor and pushing a $4 trillion giveaway to wealthy elites and giant corporations—all while advocating for cuts to vital programs that working and middle-class Americans depend on."
The report calls for Congress to pass "proven, pragmatic proposals to unrig the tax system that enjoy high levels of popular support," such as the Ultra Millionaire Tax Act that was proposed by Sen. Elizabeth Warren (D-Mass.) and Reps. Pramila Jayapal (D-Wash.) and Brendan Boyle (D-Pa.) this year. The bill would tax fortunes between $50 million and $1 billion at 2% and wealth above $1 billion at $1 billion.
The small tax on enormous wealth would generate "a whopping $3 trillion over 10 years," said ATF.
The estate tax could also be "restored so that it can play a meaningful role in promoting fairness and equal opportunities" through the passage of the For the 99.5% Act, which was introduced in 2023 by Sen. Bernie Sanders (I-Vt.) and Rep. Jimmy Gomez (D-Calif.).
Under the bill, the estate tax exemption would be lowered to $7 million per couple and the current 40% flat rate would be replaced with a sliding scale that would charge higher rates as a family's wealth grows.
"None of these tax reforms would impoverish the ultra wealthy, nor even inconvenience them in any meaningful way–but they would reduce the concentration of wealth that is so corrosive to society," reads the report. "At the same time, they would raise trillions of dollars that could be used to reduce inequality and improve the lives of families that can only dream of the kind of security and opportunity enjoyed by the nation’s richest clans."
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The Wall Street Journalreported Thursday that members of Trump's transition team and the new Elon Musk-led Department of Government Efficiency have asked nominees under consideration to head the FDIC and OCC if the bank watchdogs could be eliminated and have their functions absorbed by the Treasury Department, which is set to be run by a billionaire hedge fund manager and crypto enthusiast.
"Bank executives are optimistic President-elect Donald Trump will ease a host of regulations on capital cushions and consumer protections, as well as scrutiny of consolidation in the industry," the Journal reported. "But FDIC deposit insurance is considered near sacred. Any move that threatened to undermine even the perception of deposit insurance could quickly ripple through banks and in a crisis might compound customer fears."
The Trump team's internal and fluid discussions about the fate of the key bank regulators broadly aligns with Project 2025's proposal to "merge the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Federal Reserve's non-monetary supervisory and regulatory functions."
The FDIC, which is primarily funded by bank insurance premiums, was established during the Great Depression to restore public trust in the nation's banking system, and the agency played a central role in navigating the 2023 bank failures that threatened a systemic crisis.
Observers warned that gutting the FDIC and OCC could catalyze another economic meltdown.
"The next recession starts here," tech journalist Jacob Silverman warned in response to the Journal's reporting.
Eric Rauchway, a historian of the New Deal, wrote that "even Milton Friedman appreciated the FDIC," underscoring the extreme nature of the incoming Trump administration's deregulatory ambitions.
Musk, the world's wealthiest man, is also pushing for the elimination of the Consumer Financial Protection Bureau, an agency established in the wake of the 2008 financial crisis.
The Journal noted Thursday that "Rep. Andy Barr, a Republican from Kentucky and Trump ally on the House Financial Services Committee, has backed the plan to eliminate or drastically alter the CFPB and said he wants to get rid of what he calls 'one-size-fits-all' regulation for banks."
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United Nations Secretary-General António Guterres said Thursday that he is "deeply concerned" by Israel's "recent and extensive violations of Syria's sovereignty and territorial integrity," including a ground invasion and airstrikes carried out by the Israel Defense Forces in the war-torn Mideastern nation.
Guterres "is particularly concerned over the hundreds of Israeli airstrikes on several locations in Syria" and has stressed the "urgent need to de-escalate violence on all fronts throughout the country," said U.N. spokesperson Stephane Dujarric.
Israel claims its invasion and bombardment of Syria—which come as the United States and Turkey have also violated Syrian sovereignty with air and ground attacks—are meant to create a security buffer along the countries' shared border in the wake of last week's fall of former Syrian President Bashar al-Assad and amid the IDF's ongoing assault on Gaza, which has killed or wounded more than 162,000 Palestinians and is the subject of an International Court of Justice genocide case.
While Israel argues that its invasion of Syria does not violate a 1974 armistice agreement between the two countries because the Assad dynasty no longer rules the neighboring nation, Dujarric said Guterres maintains that Israel must uphold its obligations under the deal, "including by ending all unauthorized presence in the area of separation and refraining from any action that would undermine the cease-fire and stability in Golan."
Israel conquered the western two-thirds of the Golan Heights in 1967 and has illegally occupied it ever since, annexing the seized lands in 1981.
Other countries including France, Russia, and Saudi Arabia have criticized Israel's invasion, while the United States defended the move.
"The Syrian army abandoned its positions in the area... which potentially creates a vacuum that could have been filled by terrorist organizations," U.S. State Department spokesperson Matthew Miller said at a press briefing earlier this week. "Israel has said that these actions are temporary to defend its borders. These are not permanent actions... We support all sides upholding the 1974 disengagement agreement."
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