Dozens from United NY, Make the Road NY, Flip the Debt, the Alliance For Quality Education, La Fuente, NYCC as well as educators and community members rallied outside the NYC Department of Education on a national day of action, Tuesday, February 20th to bring light to Goldman Sachs’ and other corporations avoidance of paying their fair share of taxes. The rally then evolved into a march throughout the Tribeca neighborhood, culminating at Goldman Sachs’ downtown office. Hiding billions in foreign profits in overseas banks, corporations like Goldman Sachs have sought solace in loopholes that keep their money with the rich, instead of putting it back into the U.S. economy.
This money could easily help us combat the upcoming “sequester” on March 1st, which promises to cut crucial services like health care and education in order to curb government spending. While companies like Goldman Sachs get richer, New York is at risk for losing funding for poor students, special education students, and low-performing schools. “Big corporations like Goldman Sachs must pay their fair share. School cuts hurt, and our children deserve better,” said Zakiyah Ansari, a Brooklyn mother of eight and Advocacy Director for Alliance for Quality Education.
This action is a follow-up to January’s protest at General Electric’s 30 Rockefeller Center headquarters. Both G.E.’s and Goldman Sachs’ CEOs are board members of the Fix the Debt campaign, a front which believes this country’s economy can be saved by cutting services to those who need them most while preserving tax loopholes for already wealthy companies.