Tag Archive for Financial Transaction Tax

CPEG’s Barclay to Illinois Pension Committee: Financial Transactions Tax a Real Solution

CPEG’s Dr. Bill Barclay testified recently before the Illinois Pension Conference Committee regarding the state’s underfunded pension plan. Dr. Barclay’s solution-focused testimony included a presentation on a Financial Transactions Tax, a Graduated Income Tax, and Closing State Tax Loopholes, all of which would provide revenue solutions to aid Illinois’ ailing pension plan without punishing the public employees who earned those benefits after years of service to the state.

Video of the testimony can be found here. Dr. Barclay’s presentation begins at the one hour 29 minute mark.

The accompanying powerpoint presentation can be downloaded here.

CPEG Provides Testimony Before Conference Committee on Illinois Pensions and Revenue

On July 3rd, CEPG’s Ron Baiman provided testimony before a group of Illinois lawmakers serving on a special Pension Conference Committee regarding the state’s underfunded pension plan.

Baiman presented findings in collaboration with research from CPEG’s Bill Barclay regarding potential solutions to Illinois’ structural revenue problem including closing huge tax loopholes, a financial transactions tax, and a graduated individual income tax. The powerpoint referenced in the video can be downloaded here.

CPEG Presentations: Jobs, FTT, and Labor in Wisconsin

Members of the Chicago Political Economy Group recently gave several workshop presentations which are now available online.

At the NATO People’s Counter Summit in Chicago, CPEG’s Bill Barclay (along with Susan Hurley, Director of Chicago Jobs with Justice) conducted a workshop on a proposed Financial Transaction Tax for Illinois. His powerpoint, “A Speculation Sales Tax for Illinois” is now available for download here (.ppt).

Other CPEG members at the summit presented a seminar entitled “Confronting the Job Crisis“, focused on three issues: jobs, taxes and political mobilization. The workshop was covered nicely by the Red Line Project Blog.

At the Community Media Workshop, during a workshop on “The Great Wisconsin Resistance”, CPEG’s Mel Rothenberg presented his discussion paper “Labor and Occupy: Insights from Wisconsin“. The paper examines the role of contemporary trade unions in a revival of a mass political left versus their role as the center of a revived social movement. It is now available for download here (.pdf).

CPEG Endorses Chicago Global Teach-In for a 99% Economy

The Chicago Political Economy Group is among a huge number of organizations supporting and endorsing the upcoming Global Teach-In, an event being held simultaneously in seven countries around the world, in an effort to build a new global economy for the 99%.

The Chicago Teach-In will take place from 11am, to 3pm on April 25th at Columbia College, 600 S Michigan, in room 101 at Ferguson Lecture Hall. The event will feature key speakers from around the world and will focus on three major principles; creating global democracy networks, green jobs and planning, and building a new financial system that benefits the 99%.

For more information visit globalteachin.com.

Commentary on the February 2012 BLS Jobs Report

For many years now CPEG has been saying that the U.S. economy is not going to truly return to any semblance of full employment without a large scale federal public jobs program that could be easily funded with a modest financial transaction or “speculator” tax.

While data released this morning by the BLS shows a (seasonally adjusted) Nonfarm payroll employment increase of 227,000 in February 2012 from January 2012 from the (CES) “Establishment” survey and a Civilian Employment increase of 428,000 in February 2012 from January 2012 from the (CPS) “Household” survey, that in normal times would indicate adequate growth, this rate of growth is not likely to restore our economy to pre-Great Recession or “Lesser Depression” (LD) employment levels anytime soon.

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