Since 2011, @CFPB has returned $20 BILLION to consumers. Just this month, they sued @CapitalOne for cheating members out of $2B in interest & blocked medical debt from credit reports.
By undermining the agency, Republicans are set to put corporations over working people.
Just like the 2017 version “The Tax Cuts and Jobs Act” didn’t create any jobs, this version won’t put most Americans first. Both are heavily skewed to the wealthy and corporations, leaving everyone else to pay the bill.
An excerpt from my testimony on the tax choices facing Congress earlier this week.
ICYMI: Trump’s new tax plan doubles down on his failed 2017 policies: more giveaways for the wealthy and corporations, while unelected billionaires get to cut critical programs for working people.
@owenslindsay1 lays it all out here:
Apparently even those making $1 BILLION shouldn't contribute more in taxes according to the Treasury secretary nominee.
Treasury Secretary nominee Scott Bessent, estimated net worth at least $521 million, does not believe we should raise the federal minimum wage of $7.25 an hour.
Let’s be clear: Musk isn’t here to improve government efficiency—he’s using DOGE to line his pockets while forcing cuts to programs like Medicare and Social Security.
NEW: Sen. Wyden presses Treasury nominee Scott Bessent to COMMIT to Direct File this tax season 🎉
Millions of Americans will get to file their taxes for free directly with the IRS this year!
WATCH: Sen. Wyden criticizes Treasury nominee Bessent for avoiding nearly a MILLION dollars in Medicare taxes.
"It's a tax loophole that hurts Medicare but benefits him to the tune of hundreds of thousands of dollars each year."
A billionaire hedge fund manager who has dodged millions in taxes has no business deciding tax policy for everyday Americans. Working families need leaders who will fix a rigged system, not reinforce it.
@owenslindsay1 on today's @SenateFinance hearing:
Tax season is here, and instead of helping Americans, Republicans in Congress are trying to strip IRS funding that supports free, simplified tax filing, reduces wait times, and ensures the wealthy pay their fair share—all to benefit corporate interests.
After a massive tax giveaway to the richest 0.1% in 2017, Trump wants to go further—more tax cuts for billionaires & corporations while slashing programs working families rely on.
If we don’t act, this cycle will keep repeating. New from @owenslindsay1:
NEW: @CFPB has sued Capital One for allegedly tricking customers about interest rates, cheating customers out of $2 billion.
Something for regulators to consider as CapOne attempts a $35 billion merger with Discover--even at its current size, the bank can't obey the law.
With prices for essentials rising, the incoming admin should focus on reducing costs.
But with a billionaire cabinet & Musk at his side, we can count on Trump to push for more tax cuts that benefit the rich—at the expense of working people.
@rakeen_mabud on today’s CPI report⬇️
A new campaign is spending millions of dollars to lie to the American people about Trump’s plans to cut taxes for his billionaire buddies.
No matter how they spin it, this tax debate comes down to a simple fact: billionaires win, and working families lose.
