To: President Donald Trump
President Obama: Stop letting Big Banks deduct their settlement payouts from their taxes
Home Defenders League
We demand that:
(1) All pending and future mortgage-related settlements explicitly bar their costs from being deducted from any corporation's taxes; and (2) You fix this problem once and for all by ending "to big to jail" for Wall Street and the bankers who run it.
(1) All pending and future mortgage-related settlements explicitly bar their costs from being deducted from any corporation's taxes; and (2) You fix this problem once and for all by ending "to big to jail" for Wall Street and the bankers who run it.
Why is this important?
Greedy and criminal Wall Street bankers stole our homes, our savings, and our jobs while destroying our economy. Now that some Big Banks are agreeing to settlements to repay small portions of the destruction they caused, the IRS says they can deduct the cost of those settlements from their taxes. We pay twice and they get away with it! The Administration's top priority should be helping struggling homeowners stay in their homes and avoid foreclosure, not padding the bottom lines of Wall Street barons. Join the Home Defenders League in fighting back against this infuriating practice.
(Apologies for the typo in the body of the petition. It should read "Too big to jail".)
(Apologies for the typo in the body of the petition. It should read "Too big to jail".)