South Carolina Jobs with Justice urges James Clyburn to create jobs, make Wall Street pay

For Immediate Release
September 29, 2011
Contact: Russell Bannan

South Carolina Jobs with Justice urges James Clyburn to create jobs, make Wall Street pay

Jobs with Justice joins National People’s Action, Alliance for a Just Society, and others to demand Super-committee members support the American Jobs Act and make the financial sector pay its fair share after the release of a new report revealing Wall Street’s influence on committee members

Beginning this week, Jobs with Justice will join community, faith and labor groups around the country to make in-person visits to ten of the twelve the Super-committee members while they are home on recess. Groups will be delivering a petition signed with thousands of signatures asking the super-committee to address the deficit by addressing the revenue crisis and calling on Wall Street, corporations, and the wealthy to pay their fair share.

Jobs with Justice coalitions in Boston, South Carolina, Arizona, North Texas, and Philadelphia will be visiting committee members to demand that the committee focus on the need for good jobs and hold Wall Street accountable. They say the American Jobs Act proposed by President Obama is a critical first step towards putting the country back to work.

These visits are part of a greater fight to return power over our workplaces and our communities to working people as corporations spend billions of dollars to influence our representatives in Washington.

"We need jobs," said Russell Bannan with South Carolina Jobs with Justice. "The political grand standing and partisan politics must end. It's time for our congress people to grow up and represent their constituents."

A new report from Public Campaign and National People’s Action entitled “Wall Street and the Super-committee: The $41 Million Question” reveals that members of the Joint Committee on Deficit Reduction have received $41 million from the financial sector during their time in Congress. At least 27 current or former aides for the “Super-committee” members have lobbied on behalf of financial firms. Since 2000, the financial sector has spent over $4 billion lobbying elected officials.

“At the root of what Congress debates is not the debt ceiling or the national deficit,” said Sarita Gupta, executive director of Jobs with Justice. “The root of this debate is whether the role of our government is to serve and protect working people, or if the role of government is to make it easier for large corporations and Wall Street to make swelling profits on the backs of our communities.”

Tax reforms such as closing the “Hedge Fund Loophole” and instituting a Financial Speculation Tax can generate over a trillion dollars that can be used for housing, jobs, and repairing our nations’ frayed social safety net, according to National People’s Action.

Jobs with Justice is a national campaign for workers’ rights. Around the country, local Jobs with Justice Coalitions unite labor, community, faith-based, and student organizations to build power for working people.



We, the undersigned, demand that our elected representatives represent our families and every people--not the interests of Wall Street, corporations and the wealthy CEOs that run them, during the upcoming "Super Congress" negotiations about the future of our economy.

We demand that any Senator or Congressperson serving on the Super Congress abide by the following principles:

- Make the Wealthy and Wall Street Pay Their Fair Share: Tax the wealthy and corporate profits at rates necessary for our nation's strength and security instead of cutting vital public goods such as Social Security, Medicare, Medicaid, infrastructure, public safety, environmental regulation, public education, housing, and services for the elderly and disabled. Start by ending the Bush tax cuts for the wealthy, demand that Wall Street and the big banks pay their taxes like the rest of America, and close corporate tax loopholes.

- Build the Real Economy, Tax the Wall Street Casino: After crashing our economy and getting a public bailout, Wall Street and the big banks are back to wild speculation instead of responsible lending. It's tim to follow England and other countries in adding a small financial speculation fee on every Wall Street transaction and use that money to invest in job creation and building the real economy.

- Make Job Creation the #1 Priority: America is not broke, but our economy is broken. Target additional revenue for investment in public services and critical infrastructure that will create jobs and stimulate private investment in job creation. Serious living wage job creation is the fastest way to fix the economy.

Our future depends on your action.

The South Carolina Jobs with Justice

Location:N Sumter St,Columbia,United States

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