Banks Turning Off The Money: Wall Street Threatens GOP Over Tax Reform
13 replies, posted
[quote]Wall Street is warning Washington Republicans: the money spigot is turning off.
Rep. Dave Camp’s tax proposal – which jacked up taxes on banks and threatens the bottom line of some major private equity players in New York – has infuriated donors in high-finance.Private equity and investment firms in New York are telling key Republican players in D.C. that commitments for big-dollar fundraising have been “canceled for the foreseeable future,” according to one GOP lobbyist with knowledge of the conversations.
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Big banks want to turn Republicans against the bank tax. The situation puts the party at risk of seeing a reliable source of campaign cash dry up right in the middle of a critical election year.
The tax proposal itself is not even expected to get a vote in the House, since it’s so unpopular among most Republicans. That Wall Street would react so ferociously to a dead-end bill is a reminder of how hard a powerful player is willing to fight to protect its interests in Washington.
[...]
Republicans — not Democrats — frequently side with Wall Street on most every issue. While this stings, the pain will be gone before long. One Republican – who spoke without attribution to discuss his fundraising tactics – said the financial services sector will be so anxious to kill addition taxes that they might shell out more money than usual to sidle up to GOP lawmakers to make their case that they’ve made a mistake.
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[url]http://www.politico.com/story/2014/02/wall-street-republicans-dave-camp-bank-tax-reform-104065.html?hp=t1[/url]
Sucks that it probably wont get a vote, but you know its good when you piss off not only both parties, but the lobbyists.
[QUOTE]Republicans — not Democrats — frequently side with Wall Street on most every issue.[/QUOTE]
Yet Obama got more in donations from the banks than Romney did.
[QUOTE=darunner;44075498]Yet Obama got more in donations from the banks than Romney did.[/QUOTE]
Romney was one Republican candidate.. you take into account all of the political financing to every candidate, and I'm sure those numbers would flip several fold.
Daily reminder that because these people hoard vast amounts of money, they have more of a say in politics than the rest of the population, which is really fucked up.
know what's funny though, they are only the 15th or so biggest donors, the top 10 are all unions and all go democrat
the republicans are dying out because their money is tied to increasingly small threads and they are essentially alienating all future youth votes with their backwards social policies
[QUOTE=soccerskyman;44075848]Daily reminder that because these people hoard vast amounts of money, they have more of a say in politics than the rest of the population, which is really fucked up.[/QUOTE]
Is not that bad
[url]https://www.opensecrets.org/overview/topcontribs.php[/url]
But it isn't good either
[QUOTE=Sableye;44075889]know what's funny though, they are only the 15th or so biggest donors, the top 10 are all unions and all go democrat
the republicans are dying out because their money is tied to increasingly small threads and they are essentially alienating all future youth votes with their backwards social policies[/QUOTE]
Why go for the peoples wallets, small but a pot that adds up, when you can get the short term, instant goal?
That's actually their main parties standpoint.
-snip-
[QUOTE=darunner;44075498]Yet Obama got more in donations from the banks than Romney did.[/QUOTE]
uhhh no he didn't, the reason obama's fundraising was a huge deal is that it was one of the first times in recent history that so much of his campaign contributions came from individual small donors.
the top corporate donors for obama were microsoft, google, ucla and harvard.
romney was goldman sachs, bank of america, wells fargo, chase, and morgan lmao.
don't lie about things!
What the fuck? Why is this titled "Banks Turning Off The Money"?
[QUOTE=Pantz Master;44076136]What the fuck? Why is this titled "Banks Turning Off The Money"?[/QUOTE]
"the money spigot is turning off."
So now we see who's really running things for a brief moment. A calculated risk no doubt.
[QUOTE=Code3Response;44076284]"the money spigot is turning off."[/QUOTE]
[IMG]http://instant-revenue.com/wp-content/uploads/2014/02/Man-Money-Faucet.jpg[/IMG]
[IMG]http://www.samanage.com/blog/wp-content/uploads/2013/05/money-flowing-from-spigot.jpg[/IMG]
There's a stock photo for everything.
[QUOTE=darunner;44075498]Yet Obama got more in donations from the banks than Romney did.[/QUOTE]
There are other government seats out there besides the president.
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