To: The United States House of Representatives
Eliminate Student Debt with a Robin Hood Tax on Wall Street
Support HR 1579 to enact a Robin Hood Tax on Wall Street, and eliminate the student loan debt that is hindering the success of recent college graduates.
Why is this important?
College and University graduates in the United States today are drowning in insurmountable levels of student loan debt. This year, the Class of 2013 will graduate only to face some of the highest levels of student loan debt our country has ever seen. The average college graduate owes $23,300 after graduation - while unemployment rates continue to soar and college graduates are often unable to find work.
A small tax on Wall Street transactions could eliminate the barrier of student loan debt for college graduates. A tax of 0.5% on stock trades and an even smaller tax on other financial instruments could yield up to $350 billion in new revenue per year. This money could be used to support federal student aid and grant programs.
As young people conscious of the many social injustices our generation faces in the future, we recognize that revenue from this tax could also be used for job creation, healthcare development, education, environmental protection, and global health.
We the undersigned - college students, recent graduates, and young professionals - call on our representatives in Congress to support Representative Keith Ellison's bill, HR 1579. This bill would enact a Robin Hood Tax on Wall Street and reduce the student loan debt that is crippling our chances of success.
A small tax on Wall Street transactions could eliminate the barrier of student loan debt for college graduates. A tax of 0.5% on stock trades and an even smaller tax on other financial instruments could yield up to $350 billion in new revenue per year. This money could be used to support federal student aid and grant programs.
As young people conscious of the many social injustices our generation faces in the future, we recognize that revenue from this tax could also be used for job creation, healthcare development, education, environmental protection, and global health.
We the undersigned - college students, recent graduates, and young professionals - call on our representatives in Congress to support Representative Keith Ellison's bill, HR 1579. This bill would enact a Robin Hood Tax on Wall Street and reduce the student loan debt that is crippling our chances of success.