Sanders to Vote No on Treasury Nominee

BURLINGTON, Vt., Nov. 23 – U.S. Sen. Bernie Sanders (I-Vt.) announced today that he intends to vote against confirmation of Antonio Weiss to be Undersecretary of Domestic Finance at the Treasury Department. 

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.

“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.