Take on Wall Street

Take on Wall Street is a coalition of American labor unions and activist groups formed in 2016 that aims to turn public anger against Wall Street into public pressure in future congressional races. Unlike Occupy Wall Street, the new coalition goals are targeted on specific issues, such as eliminating the carried interest "loophole" (which allows hedge fund managers to classify their earnings as long-term capital gains which are taxed at a lower rate than earned income), breaking up big banks, and restoration of the 1933 Glass-Steagall Act that was repealed in 1999 under the Presidency of Bill Clinton.[1]

ReferencesEdit

  1. ^ Renae Merle (24 May 2016). "The Occupy movement has grown up — and looks to inflict real pain on big banks". Washington Post.

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