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Sunday September 21st 2014

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Business for Democracy and ASBC Lead Effort to Overturn Citizens United v. FEC

The Business for Democracy Campaign, which the American Sustainable Business Council is spearheading in partnership with Free Speech for People is tackling the compelling issue of corporate contributions to political campaigns.

The U.S. Supreme Court’s Citizens United v. FEC decision on January 21, 2010 allows corporations to spend unlimited funds to support or oppose candidates for political office, overturning campaign finance laws in place for decades. The Business for Democracy campaign is an initiative of business leaders and their companies who believe this ruling is in direct conflict with American democratic principles and a serious threat to good government. The campaign supports the four members of the Supreme Court and the 80 percent of Americans who disagree with the decision (Washington Post poll, Feb. 17, 2010).

If you'd like your business to join this effort, you can sign the statement of support here or here.

Obama could levy carbon tax to cut US deficit, says NSFM participant

President Obama could consider introducing a tax on carbon emissions to help cut the US budget deficit after winning a 2nd term as President, according to Nick Robins of HSBC, an NSFM participant.

“A tax starting at USD20 a metric ton of carbon dioxide equivalent and rising at about 6% a year could raise USD154 billion by 2021,” Nick said. “Applied to the Congressional Budget Office’s 2012 baseline, this would halve the fiscal deficit by 2022,” he continued.

Read the article in full here.

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