Newsletter: May 11, 2010

Tax Day has come and gone, but the debate continues! House Ways and Means Chairman Sandy Levin has said that his committee intends to consider proposals on the Bush-era tax cuts by Memorial Day. During the next few weeks it is critical that we send the message to Congress to allow the tax cuts for high-income households to expire.
We’ll keep you posted with action alerts.

In the meantime, we are still seeking op-eds and letters to the editor. And, please share our new campaign page on Facebook with family and friends.

Wealth for the Common Good is also in the middle of our spring fundraising appeal. Our work relies in large part on individual support, and we ask you to consider making a contribution.

We are proud of what we have been able to accomplish during the past year, and all of the momentum that was generated this Tax Day. We’ve posted a summary of accomplishments and our goals for the next six months. Please consider making a gift, and help us build on this groundwork.

Together we can change the conversation about taxes.

Thanks for your commitment to tax fairness,
Chuck Collins, Alison Goldberg, Bill Lyons, Ann Manning, Bob Keener and Scott Klinger

Calling all investors —
Our newest petition to create a financial speculation tax

We are in the “quiet phase” of our newest petition to create a financial speculation tax or what is called a “financial transaction tax.”

We the undersigned investors, business owners and executives, call on the President and Congress to institute a modest federal tax on trades of stocks, futures, credit default swaps and options. This modest levy would dampen speculation that threatens financial markets while also raising more than $100 billion annually in revenue for the U.S. Treasury.

Read more and sign the petition. And contact Scott Klinger with any feedback or questions. We welcome your input on our newest campaign.

Partner spotlight: American Sustainable Business Council

Wealth for the Common Good is a partner of American Sustainable Business Council (ASBC), a powerful coalition of business networks committed to building a vibrant, just, and sustainable economy.

While our focus continues to be on taxes, we want to share information about ASBC’s current campaigns on Toxic Chemicals and the Consumer Financial Protection Act. Visit our blog to learn more.

We’re hosting a session together at the national gathering of Business Alliance for Local Living Economies (BALLE) this month.

Will you be at America’s Future Now?

Our staff will be at America’s Future Now, June 7-9 in Washington, DC, and can provide talking points on taxes or financial reform for anyone who will be in DC at this time and is interested in scheduling a meeting with your member of Congress, or meeting up with other Wealth for the Common Good and Business for Shared Prosperity supporters.

Contact Bob Keener at for more information.

Featured signer:

“Recently, I took a new job as an executive in a consulting company. We compete for clients all over the world. To grow my business, I need new employees with great critical thinking and analytical skills. I want the United States to invest in education, making it possible for every child to receive quality early childhood education, and ensuring the same federal financial aid that helped me is available to every family working hard and making sacrifices to pursue higher education. As Congress begins debate over whether to extend the Bush-era tax cuts for the wealthy or let them expire at the end of the year, I hope our elected officials have the courage to let my tax cuts expire.”

Bryan Kirschner, VP at a global opinion and strategy consulting firm