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Consumer Protection

D3 Daily Action

D3 Daily Action

Thursday's D3 Daily Action: Let your friends, family, and neighbors know about the favor Congress just did for the big banks. 


Remember the Wells Fargo 3.5 million fake accounts scandal?

The Equifax data security breach that left nearly 150 million Americans vulnerable to identity fraud?

The whole insider-trading casino capitalism credit default swap housing bubble kerfuffle that tanked the economy, wrecked millions of Americans' savings, and robbed many millennials of their first decade of career opportunity?

Congress remembers. And they just made it harder for working people to sue the next time it happens. 

Vice President Mike Pence visited the Senate to cast the deciding vote (yes, that's something veeps can do) on a measure that allows credit card companies and banks to force consumers into mandatory individual arbitration agreements. 

A mandatory individual arbitration agreement means that, should consumers wish to impugn an institution for financial or other harm, they must do so through an arbitrator appointed by the institution -- not through a courtroom  judge or jury or, critically, through a class action lawsuit. Class action lawsuits are the most accessible recourse to justice when millions of people are harmed in amounts too small to enable them to take legal action by themselves, and that's why they're so important -- as a hedge against large-scale malfeasance or neglect by large companies.

The Consumer Financial Protection Bureau, created in the wake of the financial crisis, issued a rule in July that barred banks and credit card companies from forcing customers into just this kind of mandatory individual arbitration. 

But Republicans in Congress and the Senate weren't having it. They even resorted to an arcane rule that had only been used once in history before the current administration. 

For more on the full story, read here

At D3 Indivisible, we are committed to informing and empowering our neighbors on key topics in consumer protection and legal rights. Please join us today in sharing this news with friends, family, and neighbors. 

Stay Strong America.


D3 Daily Action

D3 Daily Action

Calling all D3 Defenders: We have two weeks to stop the Trump Tax Scam. 

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This is the Main Event. 

We've beaten back the worst parts of Trump's legislative agenda so far.

Now with the Trump Tax Cuts unveiled, we're facing the greatest assault on our social contract and national wealth in a generation.

D3 Indivisible, in partnership with local Indivisible chapters and allies across Western and Southern Colorado, is organizing to stop this colossal theft in its tracks.

Click here or on the image below to sign up for our special D3 Defenders Action Team to receive timely updates on the tax bill, info on local actions, and cutting-edge organizing tips and techniques.

Read on for a summary of the tax bill and please share this email with others who can help us fight back. 

A Colossal Theft is Coming.

On Thursday, Congress unveiled its tax bill. The bill follows a measure passed in both the Senate and House in October that spelled out a Grinch-worthy Christmas wishlist of cuts including:

- $1.3 TRILLION in cuts to Medicaid and Obamacare

- $473 billion in cuts to Medicare

- $1 trillion in mystery cuts. Yes, you read that right. $1 trillion in cuts to life-and-death programs simply marked TBD.

All these proposed cuts are designed to fund tax breaks for mega-donors and the super rich. By ballooning the deficit, they provide a pretext for transformative rollbacks to basic social contract programs including Medicaid and Medicare, Social Security, education, and services for working families and seniors.

A tax cut designed to boost the economy would bolster consumer spending power through working family pocketbooks -- not by abetting more luxury spending by the fantastically rich. A tax cut designed to build a strong American future would prioritize investment in new skills, infrastructure, research, technology, and productive capital formation -- not by rewarding the current winners of a rigged economic power structure. 

What's in the tax bill?

-  $1.5 trillion in tax cuts, with 80% destined for the top 1%

- the corporate tax rate permanently felled from 35% to 20%

- the end to medical expenses deductions, which will hit families with sick children and retirees hard

- the end to the head of household deduction, which will penalize single parents and their children

- a $64B decrease in deductible education expenses over the next decade

- a doubling of the income level subject to the highest tax bracket

- a complete elimination of the tax on mega wealthy estates

This will be a fight.

Today, a Trump-aligned SuperPAC announced a $100 million advertising buy to support the tax cuts. GOP megadonors including the Koch Brothers are twisting the arms of rank-and-file Members of Congress. And tax cut backers have plenty of boondoggle talking points available -- a doubling of the standard deduction! an increase in the child credit! What they won't mention are provisions to slash or end completely several important deductions that working families and retirees currently rely on. 

We can win this, but we need an up-welling like we saw this Spring across women's marches, marches for science, resistance against the Affordable Care Act repeal, the firing of James Comey, and the worst proposed Trump appointments. 

The House will vote in mid-November.The resistance needs you now.