Pass a Wall Street Tax, 52 Groups Tell Congress – Public Citizen

CCSE has proposed directing some of a financial transaction tax to fund contributions for low-wage workers through a universal 401(k)/IRA system. The current tax system heavily subsidizes retirement savings and investment by higher-wage workers and excludes most of the bottom 50%. See:

Half of Americans have no retirement savings — here’s how Congress can look out for them – op-ed

Older Workers: Retirement Account Disparities Have Increased by Income and Persisted by Race Over Time – GAO

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How Lockheed’s $7.9B stock buyback bonanza is paid for by you – Responsible Statecraft

“The arms industry titan pockets billions a year in federal contracts then turns around and uses it to enrich its shareholders.”

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