Barbara Lee
Lee and Sanders Introduce Inclusive Prosperity Act to Curb Wall Street Greed

Representative Barbara Lee (D-Calif.) and Senator Bernie Sanders (I-Vt.) on May 22 introduced the Inclusive Prosperity Act along with Senator Kirsten Gillibrand (D-N.Y.) and more than a dozen House Democrats.
The legislation imposes a tax of a fraction of a percent on the trades of stocks, bonds, and derivatives. This tax on Wall Street speculation, also known as a financial transaction tax, is estimated to generate up to $2.4 trillion in public revenue from wealthy investors over 10 years. An added benefit of the proposed tax is deterring the high-frequency trading that increases the instability of the financial sector and produces no economic value.
Wall Street enjoys record-breaking profits despite its role in triggering the financial crisis of 2008. The top 400 richest Americans now own more wealth than 150 million Americans—60 percent of the country. Meanwhile, a typical middle-class family in America has seen its net worth decline by 30 percent from 2007 to 2016. More than 1,000 economists have endorsed a tax on financial speculation, and 40 countries currently impose the tax, including Britain, which first instituted the tax on stock trades in 1694.
“I am proud to introduce the House version of the Inclusive Prosperity because taxing Wall Street is not an extreme idea. The government already taxes everyday families for basic items like food, clothes, and housing. Wall Street gets away with no taxes, even when conducting high-risk financial transactions,” said Barbara Lee. “This has to stop. It’s past time to make sure Wall Street pays their fair share so that we can provide funding for things that make us a better nation like jobs, housing, infrastructure, and college education.”
“While the top 23 banks in America received over $20 billion in tax breaks last year as a result of the Trump tax plan, hundreds of thousands of young people are unable to go to college because they can’t afford it, 34 million Americans have no health insurance, one out of five Americans can’t afford to buy the medicine prescribed by their doctors, over 40 million Americans are living in poverty, we have the highest childhood poverty rate in the developed world and life expectancy in the U.S. has gone down for the third year in a row,” said Sanders. “It is long past time for Congress to rein in the recklessness of Wall Street billionaires and build an economy that works for all Americans.”
The legislation sets different rates on stocks, bonds, and derivatives based on the existing transaction costs in each market—0.5 percent for stocks, 0.1 percent for bonds, and 0.005 for derivatives. This more targeted approach roughly equalizes the increase in transaction costs across securities due to the tax and thus reduces the economic distortions and tax avoidance possibilities created by it.
Activism
We Fought on Opposite Sides of the Sheng Thao Recall. Here’s Why We’re Uniting Behind Barbara Lee for Oakland Mayor
Today, we are coming together to do all we can to make sure Barbara Lee is elected Mayor in the April 15 Oakland special election. Here’s why. Now more than ever, Oakland needs a respected, hands-on leader who will unite residents behind a clear vision for change. The next mayor will have to hit the ground running with leaders and stakeholders across our political divide to get to work solving the problems standing in the way of Oakland’s progress. Job No. 1: improving public safety. Everyone agrees that all Oaklanders deserve to feel safe in their neighborhoods. But sadly, too many of us do not.

By Robert Harris and Richard Fuentes
Special to The Post
The City of Oakland is facing a number of urgent challenges, from housing and public safety to a pressing need for jobs and economic development. One of us, Robert Harris, supported the November recall vote that removed Mayor Sheng Thao from office. Meanwhile, Richard Fuentes believed the recall was the wrong strategy to tackle Oakland’s challenges.
Today, we are coming together to do all we can to make sure Barbara Lee is elected Mayor in the April 15 Oakland special election. Here’s why.
Now more than ever, Oakland needs a respected, hands-on leader who will unite residents behind a clear vision for change.
The next mayor will have to hit the ground running with leaders and stakeholders across our political divide to get to work solving the problems standing in the way of Oakland’s progress.
Job No. 1: improving public safety. Everyone agrees that all Oaklanders deserve to feel safe in their neighborhoods. But sadly, too many of us do not.
During her three decades in the state Legislature and Congress, Lee made public safety a priority, securing funding for police and firefighters in Oakland, delivering $15.8 million in community safety funding, and more. Today, she has a plan for making Oakland safer. It starts with making sure police are resourced, ready, and on patrol to stop the most dangerous criminals on our streets.
Oakland residents and business owners are feeling the impact of too many assaults, smash/grabs, retail thefts, and home robberies. Lee will increase the number of police on the streets, make sure they are focused on the biggest threats, and invest in violence prevention and proven alternatives that prevent crime and violence in the first place.
In addition, on day one, Barbara Lee will focus on Oakland’s business community, creating an advisory cabinet of business owners and pushing to ensure Oakland can attract and keep businesses of all sizes.
The other top issue facing Oakland is housing and homelessness. As of May 2024, over 5,500 people were unhoused in the city. Oaklanders are just 25% of the population of Alameda County, but the city has 57% of the unhoused population.
Unhoused people include seniors, veterans, single women, women with children, people who suffer physical and mental illness, unemployed and undereducated people, and individuals addicted to drugs. Some are students under 18 living on the streets without their parents or a guardian. Research shows that 53% of Oakland’s homeless population is Black.
Starting on her first day in office, Lee will use her national profile and experience to bring new resources to the city to reduce homelessness and expand affordable housing. And she will forge new public/private partnerships and collaboration between the City, Alameda County, other public agencies, and local nonprofits to ensure that Oakland gets its fair share of resources for everything from supportive services to affordable housing.
Besides a public safety and housing crisis, Oakland has a reputational crisis at hand. Too many people locally and nationally believe Oakland does not have the ability to tackle its problems.
Lee has the national reputation and the relationships she can use to assert a new narrative about our beloved Oakland – a vibrant, diverse, and culturally rich city with a deep history of activism and innovation.
Everyone remembers how Lee stood up for Oakland values as the only member of Congress not to authorize the disastrous Iraq War in 2001. She has led the fight in Congress for ethics reform and changes to the nation’s pay-to-play campaign finance laws.
Lee stands alone among the candidates for mayor as a longtime champion of honest, transparent, and accountable government—and she has the reputation and the skills to lead an Oakland transformation that puts people first.
The past few years have been a trying period for our hometown.
Robert Harris supported the recall because of Thao’s decision to fire LeRonne Armstrong; her refusal to meet with certain organizations, such as the Oakland Branch of the NAACP; and the city missing the deadline for filing for a state grant to deal with serious retail thefts in Oakland.
Richard Fuentes opposed the recall, believing that Oakland was making progress in reducing crime. The voters have had their say; now, it is time for us to move forward together and turn the page to a new era.
The two of us don’t agree on everything, but we agree on this: the next few years will be safer, stronger, and more prosperous if Oaklanders elect Barbara Lee as our next mayor on April 15.
Robert Harris is a retired attorney at PG&E and former legal counsel for NAACP.
Richard Fuentes is co-owner of FLUID510 and chair of the Political Action Committee, American Federation of State, County, and Municipal Employees (AFSCME) Council 57.
Activism
Faith Leaders Back Barbara Lee for Mayor, Criticize Candidate Loren Taylor for Dishonest Campaigning
Speaking as individuals, participants in the interview were Pastor Michael Wallace of the Mount Zion Missionary Baptist Church; Pastor Mike McBride, Oakland resident and pastor of the Way Christian Center in Berkeley; Rev. Dr. Jacqueline Thompson of Allen Temple Baptist Church; Bishop Kevin Barnes, pastor of the Abyssinian Baptist Church; and Bishop Keith Clark of Word Assembly.

‘Barbara Lee has a proven track record of listening to the community and translating things into action, and not just talking about it, but doing it. And I believe that this is one of the qualities that will serve her well as being our mayor,’ said Pastor Kevin Barnes
The Black Church PAC, a national faith leaders initiative, will be posting its endorsement of Lee this week
Ken Epstein
Prominent local faith leaders held a telephone interview Thursday with the Oakland Post to express their concerns about the election and their support for former Congresswoman Barbara Lee for Mayor of Oakland.
Speaking as individuals, participants in the interview were Pastor Michael Wallace of the Mount Zion Missionary Baptist Church; Pastor Mike McBride, Oakland resident and pastor of the Way Christian Center in Berkeley; Rev. Dr. Jacqueline Thompson of Allen Temple Baptist Church; Bishop Kevin Barnes, pastor of the Abyssinian Baptist Church; and Bishop Keith Clark of Word Assembly.
“I feel that this is a critical election for the City of Oakland,” said Pastor Wallace. “Our city is in a crisis, and we need someone who has the experience to stabilize our city and to go beyond the borders of our city to bring resources to address the issues that we’re facing.”
The leaders also criticized another candidate, former Oakland City Councilmember Loren Taylor, for conducting a dishonest smear campaign against Lee and urged Oakland flatland residents to go to the polls and join efforts to actively encourage others to vote in the April 15 special election.
Pastor McBride said, “I believe Oakland needs to send a loud message that our city is not for sale. Barbara Lee is the epitome of ‘unbought, unbossed’ integrity and is someone who has brought results. It has been very offensive to listen to candidates in this race, particularly Loren Taylor, attempt to disparage her name and discredit her record.”
“I truly believe that Congresswoman Lee is the best-suited candidate” for the job, he continued, adding that it is “absolutely crucial that individuals in our communities, particularly in the flatlands, are encouraged to participate in this process because the stakes are high, and I don’t think we should surrender our city to special interests. We have to let (people) know that our city will not be seized without our voices being heard.”
Pastor McBride added, “The only way we can really ensure that we’re going to be able to do that is to make sure that Oakland does not fall into such dishonor is to vote with a level of turnout that ensures the election is not close.”
“Barbara Lee has spoken for us, not just through slogans and not just through rhetoric, but she’s bought billions of dollars just in the last two years, arguably in the worst era of pandemic suffering. She has helped to stabilize the city,” he said.
Pastor McBride said that this race has attracted a lot of outside “money and supporters who align themselves with the likes of [President Donald] Trump. Any candidate running for mayor of Oakland who can be attractive to MAGA ought to give folks a pause. Why is Barbara Lee not the candidate for MAGA but Loren Taylor seems to be?”
Rev. Thompson said, “I’m concerned about the tone and the tenor of the race. We have proof from Washington, D.C., that elections matter. It is not just a matter of that you are running, but it is also how you are running. So, the idea that there would be an attempt to castigate the character of a woman who’s been wholly committed, not just to her district but to her city, is concerning.
“The idea that misinformation and alternative facts would be allowed to be propagated, unchecked, without any attempt to correct it by someone who seeks to be our leader is challenging to me,” said Thompson. “I support Barbara Lee because Barbara Lee is a proven leader.
“She’s proven that she can bring people together,” she said. “She has also proven when she stood as the lone person against the vote for a blank check in times of war that she cannot be bought, that she will keep the needs of the people, not just the needs of those who are considered elite or up-and-coming, but the needs of the least and the lost and the ‘left out’ of this city.”
Dr. Thompson said, “I support her because has been faithful to this city, whether you have seen her or whether you have not seen her. The millions and billions of dollars that she has brought to our area is unquestionable.”
The Black Church PAC, a national initiative led by faith leaders including Dr. Frederick D. Haynes, will post its endorsement of Congresswoman Barbara Lee this week.
Bishop Clark said, “In times like these we need someone who can fix and build our city and communities, and I believe that Congresswoman Barbara Lee can do the job”
“Barbara Lee has a proven track record of listening to the community and translating things into action, and not just talking about it, but doing it. And I believe that this is one of the qualities that will serve her well as being our mayor,” said Bishop Barnes.
Activism
U.S. House Minority Leader Hakeem Jeffries and Rep. Lateefah Simon to Speak at Elihu Harris Lecture Series
The popular lecture series is co-produced by the Oakland-based Martin Luther King Jr. Freedom Center and Peralta Community College District. Jeffries’ appearance marks the 32nd lecture of the Barbara Lee and Elihu Harris Lecture Series, which has provided thousands of individuals with accessible, free, high-quality information.

By Scott Horton
United States House of Representatives Minority Leader Hakeem Jeffries (D-NY-8) will be a speaker at the Barbara Lee and Elihu Harris Lecture Series on Friday, Feb. 21.
The event will be held at the Henry J. Kaiser Center for the Arts, 10 Tenth Street in Oakland, at 7 p.m.
The popular lecture series is co-produced by the Oakland-based Martin Luther King Jr. Freedom Center and Peralta Community College District. Jeffries’ appearance marks the 32nd lecture of the Barbara Lee and Elihu Harris Lecture Series, which has provided thousands of individuals with accessible, free, high-quality information.
The overarching goal of the lecture series is to provide speakers from diverse backgrounds a platform to offer their answers to Dr. King’s urgent question, which is also the title of Jeffries’ latest book: “Where do we go from here: Chaos or Community?”
In addition to Jeffries, Congresswoman Lateefah Simon (D-CA-12) will also speak.
“Certainly, now is a time for humanity, in general, and Americans in particular to honestly and genuinely answer Dr. King’s question,” said Dr. Roy D. Wilson, Executive Director of the Martin Luther King Jr. Freedom Center and Executive Producer of the lecture series.
“Dr. King teaches that time is neutral but not static. Like the water in a river, it arrives and then quickly moves on,” continued Wilson. “We must urgently create conditions for listening to many different answers to this vital question, and generate the development of unity of action among all those who struggle for a stronger democracy.”
In his book, Jeffries shares his experience of being unanimously elected by his colleagues as the first African American in history to ever hold the position of House Minority Leader.
In January 2023 in Washington, Jeffries made his first official speech as House Minority Leader. He affirmed Democratic values one letter of the alphabet at a time. His words and how he framed them as the alphabet caught the attention of Americans, and the speech was later turned into a book, The ABCs of Democracy, bringing Congressman Jeffries rousing speech to vivid, colorful life, including illustrations by Shaniya Carrington. The speech and book are inspiring and urgent as a timeless reminder of what it means to be a country with equal opportunities for all. Jeffries paints a road map for a brighter American future and warns of the perils of taking a different path.
Before his colleagues unanimously elected him Minority Leader in 2022, Jeffries previously served as Chair of the House Democratic Caucus and as an Impeachment Manager during the first Senate trial of the 45th President of the United States.
Jeffries was born in Brooklyn Hospital, raised in Crown Heights, grew up in the Cornerstone Baptist Church and he is a product of New York City’s public school system, graduating from Midwood High School. Jefferies went on to Binghamton University (BA), Georgetown University (master’s in public policy) and New York University (JD).
He served in the New York State Assembly from 2007 to 2012.
Admission is free for the Feb. 21 Barbara Lee and Elihu Harris Lecture Series featuring Congressman Jeffries. Please reserve seats by calling the Martin Luther King Jr. Freedom Center at (510) 434-3988.
Signed copies of his book will be available for purchase at the event.
-
#NNPA BlackPress3 weeks ago
Target Takes a Hit: $12.4 Billion Wiped Out as Boycotts Grow
-
Activism3 weeks ago
Undocumented Workers Are Struggling to Feed Themselves. Slashed Budgets and New Immigration Policies Bring Fresh Challenges
-
#NNPA BlackPress3 weeks ago
BREAKING Groundbreaking Singer Angie Stone Dies in Car Accident at 63
-
Activism4 weeks ago
Oakland Post: Week of February 26 – March 4, 2025
-
#NNPA BlackPress4 weeks ago
NAACP Legend and Freedom Fighter Hazel Dukes Passes
-
Arts and Culture3 weeks ago
Beverly Lorraine Greene: A Pioneering Architect and Symbol of Possibility and Progress
-
#NNPA BlackPress4 weeks ago
Apple Shareholders Reject Effort to Dismantle DEI Initiatives, Approve $500 Billion U.S. Investment Plan
-
#NNPA BlackPress4 weeks ago
Trump Kicks the Ukrainian President Out of the White House