Sanders to Vote No on Another Obama Wall Street Nominee
Sen. Bernie Sanders intends to vote against confirmation of Antonio Weiss to be a top Treasury Department official. He urged President Barack Obama to withdraw the nomination of the Wall Street investment banker whose firm has helped clients avoid U.S. taxes by sheltering profits in other countries.
“The Wall Street crash of 2008, caused by the greed and illegal behavior of major financial institutions, created the worst recession in modern history. We need an economic team at the White House which will hold Wall Street accountable and fight for the needs of working families, not more Wall Street executives,” Sanders said on Sunday.
“The American people are disgusted with Wall Street bankers who find loopholes in the tax code to help profitable companies shelter profits in offshore tax havens in order to avoid paying their fair share of U.S. taxes,” Sanders added. "We need economists in government who have a history of helping to create jobs, not helping corporations avoid taxes."
In the past, Sanders cited the same concerns about Wall Street influence in Washington when he voted no on confirming former Federal Reserve Chairman Ben Bernanke, former Treasury Secretaries Timothy Geithner and Jack Lew and former Commodity Futures Trading Commission Chairman Gary Gensler. He also voted against Commerce Secretary Penny Pritzker and U.S Trade Representatives Michael Froman and Ron Kirk.
- Drug Prices: The price of generic medications has been skyrocketing. Some drugs now cost hundreds of dollars more than they did a couple of years ago. The problem has attracted the interest of Congress at the Department of Justice, the Salem, Oregon, Statesman Journal reported in Sunday editions. “More than one in four Americans do not fill their prescriptions because they cannot afford them,” Sen. Bernie Sanders said, according to a report Saturday on Al Jazeera America.