San­ders to Vote No on Trea­sury Nom­i­nee

Stanstead Journal - - NEWS -

U. S. Sen. Bernie San­ders (I-Vt.) an­nounced Sun­day 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.

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