We want an economy that works for the 99%, not corporations and the top 1%. Yet our system continues to benefit the big banks, at the expense of the rest of us. So we’re joining together with Working Washington (props to them for the awesome photo) to put some pressure on the big banks to pay their fair share.
We’re targeting Wells Fargo for multiple different reasons. Below are just a few:
- Since the 2008 bank bailout, Wells Fargo made more than $50 billion in profit — but their effective Federal income tax rate is 0%.
- In fact, they got a $681 million refund.
- Here in Washington State, Wells Fargo also benefits from a special $86 million tax loophole for big banks.
- Wells Fargo spent $14 million lobbying in Washington DC and Olympia for rules that let the company avoid paying their fair share of taxes.
- While compensation for top executives keeps growing, Wells Fargo has also laid off 6,000 workers across the country, including hundreds here in Washington.
Wells Fargo pays more on LOBBYING than they do on TAXES. That certainly doesn’t sound right to us. So, as usual, we’re taking our frustration to the streets.
Join us on Tuesday, January 31st at noon at Westlake Park. We’ll have a rally in the park and then march over to Wells Fargo to demand they listen to us.
If Wells Fargo and the other big banks (who by the way caused our financial collapse) paid their fair share, we could stop the cuts to education, health care and social service programs that are devastating our families. We could invest in our communities and our state, create much needed jobs and most importantly fuel our state’s economy.
Do the right thing. Join us on January 31st as we stand up against the big banks and tell them that it’s time to pay their fair share. Click here to register. For questions or more information, contact Chris at 206-805-6667, or at chris@washingtoncan.org.



