Eric LeCompte, Executive Director of Jubilee USA was recently featured in National Catholic Reporter speaking on tax and transparency. Read excerpt below and follow link to full article.
Republican Aim at Earned Income Tax Credit Punishes People Who are Poor
"'We believe that financial transparency is essential for protecting poor and vulnerable communities across the United States and around our world,' Eric LeCompte, executive director of Jubilee USA Network, told me. 'We worked on section 1504 of Dodd-Frank because it prevents oil and coal companies from bribing foreign governments. It lets us know if these companies are paying taxes and how communities and workers are compensated. Currently because of tax evasion and corruption, the developing world loses nearly a trillion dollars a year. This Jubilee amendment passed Congress with strong bipartisan support. Unfortunately, the House repealed 1504 and other domestic financial protections for vulnerable U.S. communities when they passed the Financial Choice Act in June. While we've prevented this act from moving forward in the Senate for now, we need to be vigilant. At Jubilee USA we are concerned that financial protections for vulnerable people from California to Zambia are under threat. We believe there needs to be greater financial protections for vulnerable people, not less. We need to ensure that those affected by economic decisions are making the decision that impact their communities and lives.'"
Read more here.